From what we see at the moment we might be. The price seems to be retracing back to the key levels of around 6.5k it has already been defended twice so it wouldn't be surprising if we get another strong bounce off of it. Hopefully that will be the last re-test and from then we will see the bull cycle begin. But who knows...
Time can tell, and the trend is still on the sideways. Its good to see bitcoin on the level of $8k again and hope to stay above on this price but yeah something can still happen, it can drop again or its time to move forward. This month of January is full of challenges, and a lot of shit things already happened in just a weeks of 2020, but still Im confident on bitcoin price this year.