Probably yes, and I hope we actually see some good news to change the price direction to the upside. Bitcoin has been trading in that parallel channel of between $29k - $36k+ in about a month now
I too believe that this might likely be the bottom area or even if there is going to be some drop, not much and hopping on an upside to around that $50K - $70k as well by EOY.
Feels like such a long time this one month,,, to be honest I even felt like it was much longer, and what is strange for me is that this most stable price period (in a manner of relative speaking) is somehow not the most liked. People like to say they do not use BTC because of extreme volatility but few more people seemed to use it even when in this trading range:)
I hope this is the bottom too,,,