Even if bitcoin's market price is below 8,000$ for a couple of months now, at least, it stayed in the 6,000$ mark. But once it will break the 7,000$ mark anytime soon, then it is also possible that it will continue to rise and break some high price marks. I was even surprised today that bitcoin almost hits 7,000$ in just several hours.
Price depends upon demand and investment capital. If more and more people invest their money in bitcoin the price will go up otherwise it will definitely fall. In these days the market is red because of no demand for bitcoin or very demand. It is not enough for growth in the price. But I am sure gradually people will be back to bitcoin and the price will rise again.
For me ETF is nothing and thinking about it is waste of time. It is much better to focus on bitcoin market. In these days the market is not too good and investors think 100 times before making their investment, because if the price remains the same for more several months. Investors would disappoint more and this disappointment will take bitcoin to elimination from the market.