BTC has recovered from $3200 to $3700 in few days and shown recovery of $500 is it a reflection of bull run because it has a stronger base near $3200 level .
Though it is a huge percentage recovery but isn't the way through bull run. It is just a price fluctuations and isn't an indication unless we saw continuous uptrend motion everyday.
Remember, there is no instant recovery and we still need huge support from the community to make it happen.