bitcoin is not yet on the "verge" of a bull run but it is moving towards the bull run. in other words we are currently taking the first steps towards the series of rallies which will end up with a new set of all time highs and will eventually end up with a new ATH and a new bubble.

in any market it has always been like this after a bubble. specially when the asset is still growing and being adopted. after the correction we need a stable phase like this for the market to recover and then begin the rises slowly and then eventually end up with big cash flow in.