A bull is a person who does not hold fiat.
A bear is a person who holds at least some fiat and wants to return to BTC.
As you can see, I am now a bear. But almost everybody else are bulls. What this means is that you do not have the means to influence price to the upside. Only we do. But we are very few. Also the newbies do. But will they really buy in this kind of situation?
What about all the bulls that earn a paycheque in fiat?
If your income is in dollars or euros, etc., it seems reasonable to allocate (say) 20% of your long-term-savings money to BTC. This would add constant upwards price pressure. A lot of bitcoiners are young: their BTC holdings in absolute terms will rise, despite bitcoin becoming a smaller and smaller % of their net worth.