But the issue remains: will it go up from there? Will this bottom go up? Or will the price keeps swinging over it?
This bottom will not go up so long as the main problem(as indicated in the quote below) is still there. Therefore the price will keep swinging over it until the main concern is solved. Nevertheless, I believe we are not seeing the bottom yet because there are no signs of the main problem being solved soon even with all the upcoming ETF approvals.
The main problem is the lack of strong increase in bitcoin demand.