We've recovered 4% in the last 24 hours, so that's a good sign that bitcoin is obviously on the rise.

But we will know everything this Monday, usually this start of the week is a good for bitcoin as we might even attempt to break $50k again and then hold for the whole week. If that happens then bulls are back in the market. If not, then the market will continue to go down hard in the $40'ish that might be a bad sign that we might be entering the bearish phase.