A significant drop in Bitcoin’s price, exceeding $95,000, has sparked debate within the crypto market about whether this is indicative of a lasting bear market. While historical analysis suggests a correlation between breaking below the 50-week moving average and subsequent downturns, recent action presents more nuance. 50-week MA crossing below support for Bitcoin signifies a historical trend that often leads to significant price drops, but these occurrences have also been followed by periods of volatility before market recovery. Traders are divided on whether this is merely a temporary correction or the beginning of a prolonged bearish cycle. 25% of Bitcoin’s value has gone down from its ATH, prompting questions about where the market stands and what lies ahead.