We’re on a bear market and i don’t think Bitcoin is still cheap considering it’s price right now and before. The good news from El Salvador is great but that news alone can’t totally make Bitcoin pump. Don’t worry, this is just the beginning and slowly Bitcoin will recover, it’s price will become more expensive next year.
I don't know if we are "still" in a bear market though. I mean yeah we were in one that is guaranteed, the price dropped more than %50 and that is called a bear market at all times. However after that we are stuck between 30 and 40 thousand dollars and we are not moving either under or over those prices, which begs the question are we still in the bear market? I mean we achieved some stability didn't we? That means that if we could recover and go higher we totally can do that because things are looking a lot simpler right now.
When you are still in bear market it is hard to go higher and higher, but when you are not in a bear market, achieved stability, then it can go to any direction. This doesn't mean that price will not go towards under 30, it just means that now we have equal chances of going back up again as much as we can continue to go down.