The last big stagnation was ~3, before the large dump. I'm as confident as ever that we will not return to that price, just like every other time before. Stagnation leads to large drop, there's a "rally" up from new lows which never reaches the previous stagnation price, and then after a new period of stagnation there's another large drop. Repeat.
If you honestly think this behaviour is going to repeat forever, you're basically admitting that you're clueless.
It's only going to go like that as long as the general trend is down and it's easier to manipulate the price down than up. Once the price is low enough, there is a reversal and the exact same behaviour starts happening in reverse. For a confirmation of a reversal we would need $4 to break though.
So far $2 has been extremely solid as a bottom, we've seen nothing like it after the peak. This (third) time it's unlikely that we'll even see another test of $2 because the support strength of $2 is so massive. If we did see one, it would probably melt quickly and result in a massive crash. But I'm personally starting to favor the triple bottom scenario more than that.
