With most of the past two days spent below $8k bitcoin price has been looking extremely bearish. A big bounce in late trading on Sunday, however, sent BTC back above resistance to top out at $8,300. Altcoins are also having a green Monday as the bears are kept at bay for now.
https://bitcoinist.com/bitcoin-btc-price-bounces-back-above-usd-8200/ I still feel that it may be too soon to say exactly, just because the market makes a slight recovery, doesn't necessarily mean we're back on the bull run. I think that regulatory scrutiny over libra and the recent rejections over a few ETF proposals have caused the trust to slip and the market is effected by it.
Their is no choice now but to try and remain optimistic while we wait and see.