This year is very bad for bitcoin so far because the price dipped about $14000 and thousands of investors lost their money. Now they are waiting for increase in the price so that they would be able to recover their deficits. They will have to wait for long time because the price is still below $7000 and it will take to regain its previous peak. For new investors it is best time for investment.
Well the price has briefly recovered to $6500 from around $6300. So I guess investors are bottom fishing. It won't soar though till members of the general public are tempted back in, and that might take a while.
I don't see any reason though besides that ETF decision next month but if somehow there re news that we don't know yet I guess there are signals that bullrun is indeed coming. I wouldn't rush to buy bitcoin still unless it really is going up 8K. The more I see it goes up, the more it feels like a bull trap. Its best to just keep buying whenever it dips.