There are some positive news coming is all I could think now and I do not think there would be further decline.
What positive news?
I'm quite curious about what you can define as positive at this point, Pizza Overlord accepting Bitcoin and some app allowing people to transfer bitcoins? An exchange having a partnership with some company or getting a license in some country?
Would those make people pour in 8 billion dollars that FTX managed to fuck up in a single move?
To see a bullish trend we need a bullish trend in the real economy, fortunately, enough inflation is peaking and the small hint about the FED not hiking rates that much next time already gives us a breather with the market reaction instantly, so if something good will happen it will do so because of outside factors.
I would guess that the positive news itself is the price going up, the more it goes up the better news it is for us and the higher it will go up because of that and it is a cycle until it hits a brick wall. All others are just speculation and nothing more. Even this FTX deal is speculation basically, the price went down but it didn't had to, think about it, FTX going down doesn't equal to bitcoin being sold, it is us the investors that see the news and sell our coins.
If we saw FTX news and didn't sell our coins, then how could it ever go down? So, basically whenever there is a news, good or bad, that means we react to it and that's why price moves, if we don't react then it won't change.