In May 2014 after the bubble burst, bitcoin had a 65% rally and broke through the Weekly 20MA and it had it's first uptick since the pop. Everyone rejoiced, called the end of the bear market, and everything was just magnificent.
Does this look familiar?
The 2014 pump and the current pump we are in the midst of look remarkably alike which very simply point to similar psychology and thought patterns occurring within the people trading it.
This bear market has already proven to be longer and slower than previous, and I believe we are still have a long way to go.