We haven't seen the bounce yet.
From 2014 until now i’ve seen at least Six 2x reversals after severe dumping like this.
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Additionally
Do not ignore the altcoin market and its significance in catapulting the price of BTC back in 2017 and soon in 2019-2020. The current capitulation has sent some of the legit alternative blockchain projects to insanely low marketcaps (talking about the sub $15M), so low that people might get FOMO on them once again, generate enough 10-50x returns to create a snowball effect, and contribute to the catalyst of the next crypto bull run in the process.
The altcoin market is here to stay and the hundreds of legit projects of today and tomorrow will continue to create demand and drive the price of BTC up. For the ignorant BTC maximalists: do not underestimate the 47% altcoin market share and the hundreds of thousands of lines of codes that are being written every day to improve the ecosystem.