With that $2,000 bounce off the bottom, it could be over already. That's the kind of panic wick I like to see. It happened on high volume and looked like a "capitulation" where all the top-buyers finally gave in and sold the bottom. Still, it's not a classic V-shaped bottom yet and we need to see how the daily candle closes. I wouldn't be surprised to test major weekly supports in the $7,000s or $8,000s either.

After a move of this magnitude (which broke the uptrend from late 2017), we also need to consider that the bull market might be over for a while, and that we might see successively lower highs like we did after the 2013 bubble. Time will tell...