Just because the price bounced to a higher level, doesn't mean that it won't drop back. Usually analysts proclaim a trend shift after some time - a few weeks or a few months, depending on the asset type. Bitcoin is so volatile, that you can only be certain about claims like this after a long time. Every bear market has dead cat bounces, and every bull market has corrections.
I wouldn't expect a bull run in this year, maybe not even in the next year. View the current bear market as an opportunity to accumulate coins, rather than horrible times of losses.
I concur, without a doubt I'm happy that the price has shown a positive movement but it is simply too early to think that what we saw is the bottom, I remember the previous crypto winter and there were several instances in which it seemed as if bitcoin was going to go up in value relatively fast only for this to not be true, so it is important to keep our expectations in check so we do not invest more money than we cannot afford to lose in bitcoin and then you are forced to sell your coins for a huge loss. I wouldn't expect a bull run in this year, maybe not even in the next year. View the current bear market as an opportunity to accumulate coins, rather than horrible times of losses.
