And BTC is still in the $40s
Which is good only if it isn't just another bitcoin price bubble.
But we will see. If the price stays up here for another month then we can conclude that is was for real and not a bubble. I'm not exactly holding my breath though.
Bubble or not, bitcoin and its community, particularly the developers and miners, have weathered this technical crisis excellently. In the long run, this will have made bitcoin more resilient, because it shows to the world that both the technical foundation and the bitcoin community are sound and healthy.