Current price action is not that bad, there are still several scenarios where it can break out over the recent high which is also a high of long period. In this case the technicals strongly would suggest a new ATH. So currently I am not that pessimistic.
Bitcoin is still holding its highest level this year and this is a positive start for Bitcoin to regrow, technically and supported from other fields if bitcoin can hit a new ATH, maybe later this year or early next year.