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.
So your theory is that after very few people are left using/hoarding bitcoin, suddenly bitcoin will become relevant again? It's not the price of bitcoin that matters, but its adoption as a system that people use. Also, thanks for your links, but I don't think questions about the long term viability of bitcoin can be addressed by technical analysis of the bitcoin price (technical analysis is built on ignoring the fundamentals and just looking at price action, but it's the fundamentals that I am interested in).