According to Fundstrat's "Bitcoin Misery Index", we've got nothing to worry about:

https://cointelegraph.com/news/fundstrats-tom-lee-bitcoin-misery-index-indicators-show-the-crypto-isnt-broken

A measurement of the degree of discomfort from investors, it says that we are currently recovering at a level of 39.

More info on how the signal works:

https://cointelegraph.com/news/wall-street-analyst-creates-bitcoin-misery-index-for-traders