Looking at the charts it still seems likely BTC will still fall well below 6000. Are you optimistics for a turn around in perhaps October or November?
If we take a closer look about past few years you can notice that mostly at the Q4 of the year that price starts picking and going up. If we follow this "Season trading trend" then we can assume that there is lets say good chance, good probability that it could happen this year as well. Although this doesn't guarantee nor mean that it is going to happen 100%. Given in mind that ETFs keep getting rejected and maybe there will be another "bad" news that could have an impact. Because you can't control things that might and could or even happen around. However I am staying optimistic. If nothing happens in Q4 of this year I have good feeling about the next year. All depends how afraid are the people of buying because of the big pump last year.
ETF rejection wasnt the main factor of slow market. large because of many shitcoin is cash out of the market. i personally positive of market performance during 2019 while new legit crypto come in replacing all the shitcoin. besides, slow market give traders and investor new opportunity to join in the market when the price is low.
there are some ETFs still waiting for the announcement from SEC i can say that they this could be the end of the bullish market in this year. If they are all will be rejecting by SEC and then whole of crypto will get a lot of impact from that. Remember even SEC just release a bad annoucement to the crypto and so many people have been giving a very bad reaction to that.