Bubble chart comparison does look very similar, except the bubble's rise was a little too quick and the capitulation not steep enough. Although the fit is not perfect I do believe we are in a kind os undervalued 'despair' phase/ returning to mean, corresponding to the idea in the OP
I don't think we are at a despair phase, we are at a "dumb idiots panic selling and whales manipulating while smart kids buy BTC monthly" phase.
Thats if those smart kids have money to buy it on a monthly basis.
Its still a lot of money for someone to constantly stack up, unless you live with your parents or dont pay rent.
