This would mean that one entire unpleasant year for the markets is still ahead of us.
On another hand this would also mean that the next ATH should be over 300k. Hmmm...
How is more accumulation time unpleasant? I'm confident that the next ATH will piss on the $20,000 mark, but where it ends up peaking remains to be seen. In other words, buy as many coins as possible.
I am still nowhere near I want to be in terms of my position for the next bull run so I really don't mind the market taking it's time to rebound after this bear market. That quick bounce after that steep drop is certainly a good sign but not get ahead of ourselves. Lots of people also predicted a bottom at $6,000 and $4,000 and look where that weant.
Fact of the matter remains that nobody knows 'the bottom' and I have long given up on trying to guess it.