It is difficult to gauge at the moment with prices remaining steady. What we have seen though is that this stability is actually slight and continuous price increases, followed by a small drop which is almost immediately recovered. This could be showing that the bearish trend is coming to an end. During the past year, it seemed like every small drop got magnified into a big sell-off. That doesn't seem to be the case so much any more.
We don't know whether the bear market has come to an end. At present the market is completely stabilizing, but unable to progress forward crossing $4000. Market needs to cross the barrier, when this happens we can conclude whether the market is to grow further or gonna experience a downfall in value.Well not so long ago the price was doing almost the same thing at around 6 to 6.5k. People were already expecting a reversal then since few thought it could go any lowet and yet here we are at almost half that price. The bull market will come , it's just that it may not be when all of us expected.
