bitcoin is not yet on the "verge" of a bull run but it is moving towards the bull run. in other words we are currently taking the first steps towards the series of rallies which will end up with a new set of all time highs and will eventually end up with a new ATH and a new bubble.
in any market it has always been like this after a bubble. specially when the asset is still growing and being adopted. after the correction we need a stable phase like this for the market to recover and then begin the rises slowly and then eventually end up with big cash flow in.
This is exactly right. We are currently in the stable period between bear and bull markets. No we aren't in a bull market yet, but it is very high confidence that we are out of the bear market, and the next bull market should slowly start in the next 2 - 6 months. Looks for a move above the last lower-high of the bear market of ~$7400 as the first signal of a new bull market. If the price then moves above the second to last lower-high of the bear market ~$8500 then that should be confirmation a new bull market has already begun.
I very seriously doubt the price will drop below the established baseline of around $6000. If it does it will be from a few whales desperately attempting to crash the price to get in lower, and it won't last long, but I don't think we'll see under $6000 again most likely.
So yeah we are in the low volume, low volatility transition phase leading into the next long bull market. This phase started roughly early September, so we're already 5 or 6 weeks in. There is no way to know how long this transition phase will last. I wouldn't be surprised if BAKKT opening next month is the catalyst needed to start the bull market, but I also wouldn't be surprised if the bull market doesn't start until as late as March. But either way now is the time to buy and the next two years we should see another exponential growth spurt into the 6 digits for Bitcoin.