No it hasn't. Not until we know we have seen the bottom AND moved significantly above it.
Right now, some people believe this to be the bottom, others expect a retest of the recent lowest of 3100 or so. Some, like those hyperwave believers even expect lower levels, though I think they are the minority.
In any case, it could keep moving sideways for the rest of the year. We just see the occasional alt pumping here and there.
Who knows where the bottom is exactly
We only can know the bottom range, and that range is enough for us to accumulate.
From bottom range, it takes time to have long sideways before really bull market starting.
I agree with you about the sideway period.