When most everyone says it is dead, only a few diehards remain, that will be the bottom in the price and we will rise again from there.

It is a positive sign that some people are starting to think it is dead. Unfortunately there are still too many idealistic fanboys who think it is not dead (they provide the wrong reasons for justification, e.g. decentralized consensus is a joke and a lie) and they need to lose their money first buying BTC at these nosebleed levels.