Bitcoin's price as of this posting is at $7,832.47 and man, we did dump a couple of bucks when BTC almost reached $9000. Yes indeed the bulls are back but this time bulls are getting more cautious in how it pumps the price. The bear market will always be on the lookout just to take advantage of this season. BUt some have speculated that BTC will be have a bull run for but will start after 7 months. At the end of the day, you really cannot tell, but what we can do is to make actions based on the current market trend
I have a feeling that the bull run started too soon. Some of the whales started accumulating the coins, expecting a large appreciation once the block reward halving commences. But they made the wrong calculations, I am afraid. There is still one year to go for the event, and I am not seeing enough strength in the market to last until then.
The whales are very powerful and they can influence they market as they want so I doubt they made a mistake, the price was too low for too much time and they just took the opportunity, even if the price crashes to 5k they could still double their money if they bought at 3500 and sell at an average price of 7k and those kind of profits by just moving your coins are not to be underestimated.