#Has the Crypto Market Entered a Bear Market?

First of all, I don't believe that the market has entered a bearish period, why?
1. As seen in the chart I shared below, bitcoin made a double bottom on the daily chart and is forming a W(W) formation, if this formation works, our target will bring the rise to 100 thousand dollars in btc.
2. American president Donald Trump is crypto-friendly and always keeps the coin market on the agenda. His goal is to make America the center of cryptocurrency and keep it under control, for which he will tend to raise the market. With trade wars and economic battles ongoing today, and with countries increasing customs duties, the crypto market will start to rise with the ETF effect.
Following the decisions to include btc and some altcoins in the American reserve system, there is always speculative news flow to be followed.

As a result, the focus is primarily on the rise in the short term based on the W formation. Clearly, there will be an uptrend in the short term, which could signify the entry into the bull season. Best regards...