It is a temporary rebounce after the dip. Not sure, if it will dip lower sometime soon or if it will go sideways from here. However, my guess is, that the next bull run will still take a while.
Yeah we need to wait for a good rally... although we are still at the bearish market as we can see a big dumps after a little rebound. I hope that this will not go down lower than $6k as we need more buyers to push the price back.
It has already gone down more than the expectations of the investors and bitcoin supporters. Those who had invested into bitcoin when it was at the peak of the pumps, they are really very tensed and disappointed. The toughest situation is for them, not for those who are collecting bitcoin at present rates. They are in win-win situation. The prices will increase but with patience and steady motion.