The situation is ambiguous. It is likely that the bottom of the market is forming at the moment. Those who are waiting for a fall may not see it. On the other hand, it seems that there has not yet been a complete capitulation... But! Ask yourself, is it possible to draw a parallel with 2019 and earlier? It's definitely hard to say. At the moment, ecosystems are completely different... They are more solid, with a huge number of devs, investments and the desire to create necessary, useful products. And of course, do not forget about the stats from 2018: 90% of the total supply of bitcoin is held by 1%