Well i'm quite positive that we've already bottomed out or at least the bottom this year would be close to 5.8 or 5.9k and not lower. Last year's amazing run i think started a slowly in sept so it could be thr other way around.
You shouldn't forget that we in 2017 went up from below $800 all the way to the $19,500 mark (Asia even $25,000). Regardless of how much adoption we gained due to that bull run, the market right now is extremely thin.
Don't you think about where the price would be at today without all this useless ETF speculation? It increases people's hopes for another leg up and makes them hodl on to their coins for a longer while.
I'm quite certain that without looming ETFs the $6000 support base level would have been broken already, and not just marginally. There is plenty of speculative air that might still look for a way out this or next year.