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.
Not just that, but this conversation takes place at least once every couple months here, in reality only time will tell what will happen, speculation will only get us so far. We will lean towards our own biases which is hurtful to ourselves and others reading our messages.