That FUD about them backing off did some damage though. It's a great example of how people react to bearish news in a bear market and at the same time how little or no effect have bullish news. You can put some unimportant bearish FUD and people start ripping their hair out, but when this gets busted nothing happens. People who sold are afraid to go back in because what if there's some new FUD and another panic. The strangest part is that people never learn and it will happen again in the next cycle.
i disagree with two things.
starting with calling this "bear market". this is no longer a bear market in my opinion, as you can see price is not going lower. it is going "up and down". and this is not what a bear market is. and second is that as it is not a bear market and price is not technically going down, it raises the question that why is it going to $7k then back to $6k and then $7k and $6k again and so on? the answer in my opinion is that there are only certain people (day traders and whales) that are making profit in this small window and the rest are not even in the market anymore.