The bears have exhausted their selling power and bulls are working on it to take over.
I think it's more a matter of people coming to sense rather than bulls taking over. The market was oversold, and people were still selling like there was no tomorrow. Seriously, one must be madly dumb to sell his coins at any price below the $10k level, and that's a fact -- the only thing you're supposed to do at such levels is buying. It doesn't matter if you can just afford to buy with $100, or if you're a high roller with $100k, just make sure you put your money to work in an efficient and profitable manner. I don't expect a major recovery at all honestly speaking, but we should be able to try and kiss the $10k level at the very least. What happens after that remains to be seen....