As the last 24 hours have shown, we are still in bear territory. Let's see how it plays out. If we can stay well above the December lows that marked the lowest price points since the drop began, then it is good and shows strength and the beginnings of a recovery. But it is too early to say right now.
The bear was just hiding and stayed anonymous while price spikes happen previously. It remains an unexpected attack, since people who happen to take the good opportunity for their day trading wasn't able to earn higher profit expectations. The needed to hold and keep waiting in order to grow their asset better.