Well, it was probably too good to be true when Bitcoin and the rest of the crypto market went up like that. I'll say it again but as long as Doge prices remain high, it will be hard for the rest of the market to go up because it takes a billion a year to prop the price up at 20 cents and that number only increases as the price goes up.
Until Bitcoin can safely clear 40k, I think the path of least resistance is lower. It seems like there are a lot of shorts and sellers appearing when the price gets to the 35,000 range.
Egos
Let's not forget, there's a lot of money led by a lot of big egos, Nasim Taleb and Rubini amongst others, who are staking their reputation on Bitcoin failing.
Whether they put their money where their mouth is is questionable but I'm sure they have a sufficiently large following who will try to put into place what their guru says.
At least Rubini has been consistent, albeit misguided. Taleb used to actually be a proponent of Bitcoin back in 2017 but I don't know what changed.
Just accumulate
It's hard to predict if or when we'll recover. I believe we will recover once the excesses in the market have been worked out. There's still a ton of them out there and we'll take a lot of time. There could be a few big bangs if the authorities come down on scams.
Till then, I'm just accumulating and hopefully the conversion to fiat will be favorable when the time comes to convert some.