Bearish is still not over and a lot have speculated that bitcoin will go below $3,000 before we will see bullish trend and it will take time for the bull to form so lets just wait for that time to happen. For the meantime lets keep buying both bitcoin and alts are on sale and its wise to start accumulating them now.
I also think itvis a good time to buy just worried about the sentiment. Negative news slam the market while positive news have little or no impact. Even some positive signals from the SEC (Ethereum not a security) did not lift the spirits up that much...