That will become a good news but we are in the bearish trend and you should not need to deny the fact if we have been entering in the bearish trend since last year. Remember that bitcoin goes to the current price from its ATH and that's enough to prove that if we are in the bearish market. Demand keep coming but what if the demand can't eat whole of sell orders in the market? that means the dump will happen as sell pressure will become even stronger than the buy wall. This will make the demand to hodl their step to buy more tokens and they will be waiting for the dip to come as soon as possible.
The bull can comeback anytime and don't worry about that. PnD was a common thing in crypto.