Taking a look at prices at coinmarketcap isn't giving me hope we are at the end of the bear market yet.
But the charts and the overpriced assets (Shiba Inu, Dogecoin, etc.) are not the only indicators.
There's an event we are waiting for that should finally end and that's no other than the MtGox coins release. Certainly, Bitcoin's price is decisive for the whole market.
Maybe the release of 100,000 BTC will not be that damaging. Sure if everyone sells, we will find new levels, but right now, I think it is the only event investors wait to begin buying both Bitcoin and altcoins.
Nobody wants to buy fearing MtGox holders will dump their 9 year forced-hodled coins. Maybe they won't but it is fear of a dump that blocks many investors at this point.
The soonest the MtGox BTC are released, the better for everyone in this market. The FUD will end, and if prices drop then we get a discount.
You do have a point but on the other hand we can also consider this that everyone has seen the ATH.
Keeping that in mind do you think people will actually sell their coins at a 70% discount from it's ATH.
If you were about to get those bitcoins, would you really sell it at such low prices ? I wouldn't.
So this may actually give a pump in bitcoins price thinking that people are holding such huge amount of coins.