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RE: Are we on the verge of a prolonged bear market?
Hi dear friend @crypto.piotr
Certainly the $30K zone has been behaving with a pretty solid support, and it may indeed be a new correction that will last a few months there, more however, the latent risk of further depreciation is part of the fear that abounds in the market, but as you rightly mention "every time we reach the total fear level, we are close to the bottom", is a good way to read the behavior of investors in the cryptocurrency market.
Best regards, be well.