I personally think that we're closer to the bottom than the top. Just like any asset class market cycle, I don't see the current bear market lasting forever.
It is almost the end of the ear and we have already seen in last couple of days that market has slowly but started to move upwards. If we can continue with this movement surely we will see the demand to start rising more in coming days and price will zoom quickly.
There was a good price increase happening over the past few days, but this was struggling hard to move above $4000. Even after crossing $4000, it wasn't able to sustain for a longer time range. It needs to stand above and fluctuate within limited range, so it'll gain resistance to reach the next barrier.