IMO a bull trap being set up by the chinese sellers. It looks attractive to get in now but they are waiting to have another sell off at a higher price.
I'm gonna wait and see if it drops below $600 again in the next 2 weeks, and if it does I'm buying more.
So basically people are getting in now thinking we're back -> price increase -> 2nd chinese sell off -> newbs feel the PAIN -> panic selling -> more cheap coins for long term bulls
i love it
In the next 2 weeks!? it dropped below $600 a few hours after your post. Btc is way too unstable right now to talk in "weeks".
What's the best guess on when the news of BTCChina shutting down will hit? that will be the next new low.