Judging by technical analysis based on previous resistance points, I very much like the idea of $4900 being the bottom, and I think there are high chances that will be the lowest Bitcoin will ever be for the rest of time, because people are starting to get real worried at continuing gambling waiting a perfect entry point and FOMO will kick in creating a big green candle, and we will go back to $20k+
Worst case scenario, $1300 will be re-tested again. At that point anyone with a brain will be going all-in, selling their house, car and everything, because it will never get as good as that when it comes to entry points.
Those people would still lose because a smart investor never sell its house for such investment, when they sell their house for bitcoin investment at $1300 it would crash to $600. If they are so smart and risk takers they would sell their house for bitcoin right now. If it crashes to $1300, $6000 would be new $20.000
An investor that wants to go extreme mode and sells house + car + other goods in order to go all in first understands what he is investing into, or that is what I like to think. People that are stupid enough to do that without a lot of research and TRUST in what they are investing are insane and will end up selling at a loss out of fear.
The people that went all in in $1300, there's no problem if you can hold through bear markets. If someone wants to do that now, they must be able to hold, even if we crash from $5900 (current price) to $3000, if they can't hold, they will sell at a loss out of panic.