From what I can tell it's completely dependent on who you ask and what the price is doing for the day. Since everything is down I'm sure most crypto people are calling for $3k BTC again and the next day it goes up 1% those same people will probably be calling for $20k.
Source
Steem
I'm glad that Steem is once again above the 1900 Satoshi resistance. It did this back on December 19th and was able to hold above that resistance turned support finally breaking it on the 3rd day and turning it back into resistance on the 4th day.
Another thing to note is that the price of Steem was able to break the 200 MA. It bounced off the 200 MA a few times this past week and once we finally broke the 200 MA is when Steem really started to take off. I've heard that some traders use the 200 MA to predict whether we are in a bull market or bear market territory.
I think if we can continue to consolidate above the price for the next week or so I'm feeling pretty confident this may be the last time that Steem sees below 1900 Satoshi price until the next bear market and this may mark the start of the next bull market for Steem.
Bitcoin
Ever since Bitcoin has broken the sub $9k price back in September it has struggled to keep that support only breaking it once time since (similar to Steem). Very recently it has run right up to that price point and been rejected once again. Many thought if this broke it would indicate the end of the bear market.
If you notice in the picture above, the 200 MA has acted as resistance, turned support, turned resistance once again. The reason why that $9k bounce was so important was not only was it resistance, but it was approaching the 200 MA line, which if it crossed, would have marked the beginning of the Bitcoin bull market.
My Thoughts
I'm still treating this as a bear market and taking some profits on Steem pumps into Bitcoin and Ethereum. If the entire market turns bullish then it doesn't matter what you're holding everything will go up. If the market turns bearish again, I can buy some more "cheap Steem".
I think if Bitcoin continues to lose value we could bounce off the $6k price once again. I don't expect us to drop any further as I could see this being the last drop before the turn to the bull market. I think most sellers have already sold at prices below $6k so anything at or around that price will just let bulls get a little more BTC before it takes off again.
I'm not holding my breath that Steem will be able to hold support either, especially if BTC drops back down to $6k. I'm a bull at heart and really pulling for Steem to hold this support and "cool off" for a few days before it's next pump, but not sure that's how it will play out. The market still needs more strength before Steem is going to break resistance and hold support.
Bear Market It Is
TLDR - I believe we're still in a bear market (though approaching the end) and people should take care to not FOMO into projects that have already pumped as they will most likely pull back either most if not all of their gains. Trade smart and remember to take it slow. Bitcoin didn't break all-time highs overnight so just remember once we get back in a bull market there will be plenty of pullbacks to be able to buy.