About time, I don't know why so many people panic dump when something happens to one service. It's always the best time to buy because the price naturally gors back to what it was.
it is mostly because of the manipulations.
when a big hack like bitfinex happened, there is obviously some small panic in the market but so many traders know this so they sell faster and that creates more panic and by the time the sales has begun the panic is at the top of itself and now everybody is selling and hence the big drop but since all those traders who sold the first chance will start buying the drop stops just as fast hence the one day drop.
Yes price seem to be getting back before hack level, but there are still some panic sellers who are shorting out right now. If this rise become consistent we may see $700 soon after long time.
i wouldn't be super excited yet. this is good sign that 605-610 is stayed for now but i wouldn't speculate much until it becomes more clear.
