As to what we can observe right now, yes! We're back and red days are over. I've been monitoring the market recently and its hardly decreasing the prices. It is more or increasing these past few days. Bitcoin went down to 6K and recovered to 10K real quick and just keep on rising.
BTC is one of few that's really showing signs of a recovery. Many smaller alts are still struggling and haven't really moved much from their all time lows. At least now they seem to be stable and once bitcoin has recovered to around 13k I expect confidence to return to alt markets also and we'll see them recovering quite rapidly.
Just wait Im not losing hope that all of them will recover since BTC start to recover there will be an aggressiveness in the market specially that there is a forecast that after the Chines new year there is a sudden rise of BTC price I think humors like this will ignite more agressiveness. So be patient and think it positively yeah the red days is over hopefully you were able to buy more BTC and hold.