It's too early to say in my opinion. If anything, I'd probably just call it a price consolidation. While yes, the price increased by $800 if only a few days, but also take note that the prices also crashed from $4000+ to $3200 in a short time span. Is it going to continue to go up? No one knows, but my guess is that $3200 isn't the floor. yet. I repeat, it's just my guess. Trade wisely.
indeed, this is actually what makes traders doubt to enter the market again, market price fluctuations are more visible at times like this but this time the impact is negative, the price fluctuation has absolutely no positive effect, when prices are below, people are more doubt and fear if prices are likely to fall even more