I agree with what you have mentioned, but according to a lot of trade analysts and also instiutional investors, bitcoin has already hit it's bottom. From this level, it's highly unlikely for the price to fall further. Additionally, we see some positive momentum the last few days, once it breaks the resistance of 6800 surpassing $7k, we should see the price hovering around $9000. Hope for the best, and am very bullish on current market conditions.