It's showing positive signs, but we don't know whether or not this rally will be the start of a new bull market. Most likely not, even though people seem to think that this rally is "here to stay" and is going to continue.

Bitcoin has indeed continued its steady price growth for 8 years, however that is completely unrelated data in this case. I don't doubt that bitcoin will continue to make its way up in the long run, but here, we're talking about bitcoin's movements in the short term.

I don't think that bitcoin will necessarily see a major bull market any time soon, at least of the magnitude of last year's bull market, simply because we're still consolidating and market sentiment isn't that bullish right now.