I think we are looking at a dead cat bounce and we are set for lower lows. But being realistic, these current prices were only reached for the first time around 6-8 weeks ago. If you bought in at $20k you are looking at significant paper losses. If you bought in any tune before late November you are still up.
I think btc will definitely go up again but just not yet. Look at all the new accounts recently created. As soon as we start to see prices rise again, there is a mass of people waiting to get in that could propel the price to new highs!