If BTC is still near $50k and holding above $45k, then it does not invalidate the possibility of a second phase of bull run on continuation. We strongly believe that BTC would do wonders if it keeps on holding this area and gets accumulated because it will make this area as ground and continue higher from here.
Bitcoin will try that again on September the start of the Ber months and the end of the ghost month this year, a time again for Chinese to spend their money on cryptocurrency. Bitcoin have to sustain the $50k level for a great bull run again, as I can see we are still close to that price so we have a higher chance of bull trend again.