Bitcoin has dropped below $100,000, losing 12% in a month, leading to a $700 billion loss in the crypto market. The Fear and Greed Index has plummeted to ‘extreme fear’, sparking questions about a potential bear market. The 365-day moving average is a crucial pivot, currently near $102,000 with Bitcoin trading below it. A decline below this level historically signals a bear market. However, the market isn’t confirmed in a bear trend yet, but is in a high-risk zone. Various technical indicators suggest a mid-cycle breakdown, with the potential for a bear market if certain conditions are met.

Read more at Yahoo Finance: Is Crypto in a Bear Market Now? A Full Market Structure Assessment