The bitcoin bloodbath has already ended but the problem is with its recovery. If only these kind of news will be spread across the internet and much faster than the negative publications then bitcoin could already started to increase in value. But its just a matter of time that this good news will be passed to other users then surely we just need to wait and hold for the moment.
Any shortsighted review of the price chart could make you think so. Bitcoin has been on a very large, very consistent downward price trend ever since it hit the all time high around $20,000 last year. Every time it bounces off a new recent low, people want to proclaim the bloodbath to be over only for it to soon continue dropping to fresh recent lows. It happened around $12,000, it happened around $10,000. It happened around $9,000, $8,000 and now $7,000. Zoom out a little bit and there's no reason to think it's done now. People have to face the realization that the market was a bubble, the price was out of control and it was not sustainable.