I think there is a lot of money out there right now waiting and wanting Bitcoin to go lower before buying in. I was expecting a bigger over due bear run, but it just keeps fighting back. I think a lot of people in a few months or maybe even weeks will be kicking themselves for holding off. It's always been Bitcoins way, the big jumps come out of nowhere
You'r thought could very well be true, there's still alot of new conservative investors out there who haven't converted there fiat yet, waiting patiently for their moment. But it will demand for some big sudden spike/hype/news, these bandwagon investors won't start the bull run themselves.