Feeling the chill of the crypto market today?

Bitcoin is down 5%, altcoins are bleeding, and the stock market is on a three-day losing streak.

But don't panic just yet.

Here's why:

Bitcoin is currently at $89,000, down from yesterday's $96,000 peak. But remember, anything under $100,000 was likely going to be a failed test of those levels. There's no need to panic yet.

What's the worst-case scenario? If the market continues to slide, we could see Bitcoin drop to around $79,000. That's a 27% correction from the top, still smaller than the 33% correction we saw in 2024.

But let's not jump to conclusions. To declare a macro bear market at this stage is premature. We'd need to see Bitcoin drop below the low 70s before we could even start considering that possibility.

Remember 2017? Bitcoin had a big correction, then another rise, then another big correction before it really started to charge. We will get through these times, we will see a similar pattern.

If Bitcoin breaks through these highs, the charge could be quick. The fear will wipe out and the belief that Bitcoin can't go down again will return. We've seen this happen before.

So, what's the bottom line? If Bitcoin can hold above $79,000, we're still in a bull market. It's happened many times before. Don't let the fear get to you.

Yes, the market is down.

But this isn't the first time, and it won't be the last.

The key is to stay calm, keep an eye on the numbers, and remember that corrections are a normal part of the market cycle.

Don't panic, stay informed.