Except that the mathematical model shows that it has been the case in the prior 9 years of the network: https://steemit.com/bitcoin/@kenraphael/bitcoins-have-not-yet-fundamentally-recovered-at-this-time-a-mathematical-case
Also, when a user-driven asset is not adding new users at the previous rate that was sustaining growth, and the fundamental reasons behind that is not addressed, it is very unlikely that the old users will suddenly start pouring in more money. Not sure that would make much sense, although granted it is in the realm of possibility.
"If central banks start holding btc reverves, might only be a one new adress yet multi million dolares pouring into btc."
Except that there is no indication that this is happening right now during this correction. And regarding any currency as you add new users you also lose some existing users so slowing growth is unlikely to yield a recovery. If the slow new user growth will be a new normal then there will need to be a period of adjustment so this was not going to be a return back to prior highs within weeks; as the analysts were telling.
It should eventually turn back into growth and when it does the fundamentals will show that as well, but right now it has not.