Not necessarily. I wouldn't disregard the possibility for further adjustments downwards at this stage leading to previous bottoms being tested.

I still believe we are still some time away from the actual recovery that would lead the market into a bull market, and this can be seen through the strong resistance that is still present at the $4k level at the moment despite what seemed like a pretty sizeable rally from the start of the month. I definitely won't rule out seeing a lot more dips than what people are expecting right now.

That said, this price level is opportune for accumulating for the long run in my opinion. Anything below $4k should be accumulation zone. It's a matter of we aren't certain where short term market movements are going to take us, but we do know that in the macro scale, this price level is definitely close to the bottom.