Technically speaking, you may be correct after all, but this is not what most of us would like to know. What we want to know is how low the price will go. I think you will agree that it is a big difference between the price finding a true bottom at 2.5k and at 0.5k. On the other hand, I don't agree that it doesn't mean anything. In fact, it means everything, and still more so with such a speculative asset as Bitcoin, as it is exactly these people who are in for money are driving the prices up (as well as down, for that matter)
Though for you personally, it may not mean anything, of course