There is more and more evidence that the market bottom is now established. Each time we have dropped since the start of the year, we have reached a similar low point. It does look like there is huge resistance there to further drops, and it is starting to seem that we are readying for the next bull run.
In my opinion, the market bottom is behind. Now, we can wait for the period of the stabilization. The bull run will come suddenly - this is my vision of the situation.
Yes, stabilization is a good sign, it means that people and whales Don't want to dump their assets, and that they are accumulating for a bull-run, or at least a jump in prices. We will wait and see what market will do.