I often think about this nowadays. We were on a spectacular uptrend. Core team was about to launch 0.13 and the halving happened, we were on the good track, but Bitfinex happened, ruining the good uptrend with the stupid ass dump. Fortunately we recovered quick, but the uptrend is not as strong and will take some more time now to go 1000+ again.
Bitfinex isn't just bad for Bitcoin, but bad for crypto in general. There must be 10's of thousands of people who did have significant capital in Bitcoin, who now either have nothing in Bitcoin or crypto, or mere peanuts in the game.
Stagnant price action I believe, is a symptom of the market apathy at the moment, but the miners will keep on mining, and holders of Bitcoin will want to cash out (if the value of thier investments don't seem likely to rise).
I say at the very least, Bitcoin has to retest the upper $400s and resolve that test bullishly, before it can move on.......gonna be a painful few months imo........(not for me though, I have had all the Bitcoin pain that I am ever gonna take, from Kraken, and then again from Bitfinex).