I don't think it will take long before we reach that state. I noticed a subtle shift towards the bearish side in the last weeks, and if the market stays where it is, the bearish sentiment will grow stronger due to how noobs lose faith. People need to lose their believe in that damned $20,000 level. Currently too many of them believe we will revist these levels these year, and that needs to stop. There isn't even any ground for believe in that fake high.
I think a brief visit below $7000 is enough to do it. It's all fine as long as the price remains $6500 which I think it will. Current levels might even be on the higher side, but whales intentionally don't dump below past bottoms.