I'm curious how we've entered a bear market when we had one selloff day after hitting a new all time high at a psychological barrier. I think the better expression to use is Correction. Just constructive food for debate.

This type of post may be made with good intentions, but do you have any analysis or opinion of your own as to why we'd enter a full on bear market, versus just some normal and healthy consolidation as profit takers exit on a national USA holiday weekend? The drop has only been for a day or so, and it happens all the time when there's a spike.

It's always good to plan an exit strategy or stop loss if you're a trader, but if you're a long term holder, any price dip could be exciting to those looking to enter Bitcoin or any cryptocurrency at a discount from the previous highs.

What do you think? Chris Dunn is an expert of course, but let's address a bear market when there is more evidence of one (which lasts weeks, months or years).