I feel the market needs to stabilize and keep going side-ways for a while now. As you said, investors have sold out and are buying back in at the low. But they won't allow the price to move up too fast or trigger happy hands will start dumping straight away.
So this is a good time for the whole market to start building up faith in the market. And sure then the market should slowly begin moving up again.
How long will this take?
imo: the slower it moves, the higher it will go...
but I could be wrong ofc