[Analysis] Which stage is Bitcoin at in the bubble chart?

From the start of 2018, with continuous drop in price, apart from impressive rebounds, the sharp fall from $20,000 to $6,000 made most investors feel surprised and thought that Bitcoin is in the "Blow off phase" phase. But let's take a look at some events from the beginning of the year:

• BTC is a bubble but no big company in the Bitcoin mining industry has collapsed. Bitmain, on the other hand, has increased its Hashrate (the ability to mine Bitcoin) by 46%.
• China quietly invested $ 1 billion to open "Blockchain Industrial Park" for domestic companies to invest in Blockchain research and development. (Source: https://www.coindesk.com/1-billion-blockchain-fund-launches-with-chinese-government-backing/)
• New cryptocurrency exchanges are opened and invested heavily, while the trading volume of crypto assests fell sharply.
• Some big corporations and hedge funds started to put crypto assests into their porfolio

So the idea that Bitcoin is the blown-off bubble is very unreasonable. With the above factors, we can conclude that Bitcoin is in the "Awareness" phase - everyone starts to know about Bitcoin and other types of digital assets. In fact, 80% of the cryptocurrencies and crypto assests have just appeared on the market for less than a year. Before 2017, very few people entered the crypto market. The blockchain industry is in shortage of human resources and it takes at least 2-3 years for a programmer to be trained and be able to work in the blockchain industry.
With these factors, we can expect an impressive rebound of the entire cryptocurrency market when ICO projects release their products and apply blockchain technology into real life, big funds invest heavily into the market, breakthrough technologies appear, ... Let's have faith and find our chances in this new and promising Blockchain industry!