You are wrong, haven't you heard about 100s of BTC that's about to be released into the market? I heard the rumours and I think this is what will cause the second probably the final leg down in this bear market.
I hope he was reading the latest news about mtgox is about to release bunch of old bitcoin to the market. The questions is whether those bitcoin will be liquidated or not? as far as i know if those bitcoin will be liquidated into cash for creditors of mtgox and massive selling pressure may come again. It's pretty similar like tesla dumping its bitcoin from 30k to the 20k and market feel panic caused by that. The same thing may come again very soon.