The thing is, no real money is coming in to the market. Very few new investors. It would probably take more than a few good news to really bring back the confidence that was lost because of this ongoing trend. The run to 4.1k isn't at all bullish. There have been runs like that last year where we're still dominated by bears. And i agree that we may not have seen the bottom for this year yet.
Correct. The market has since stagnated ever since we stayed on $6k for a few months before sliding down past $5k which seemed to be
impossible for many traders back then. No new money is coming in on the market; no catalyst for a price push and certainly no bullish movement happening. Though one thing's interesting lately: volume is gradually growing since Dec. 2018. While this might seem nothing at all, higher volume with almost no price changes is a common scenario for accumulation, and that's what could be happening in the sidelines.