Was never in doubt, happens all the time with bitcoin. Thankfully bought at 3000 now can sit back and watch those profits take off!
Nice mate. I'm seeing the price going to $3500 now. $600 in a few hours. I don't know if this is a trap, but its good to see bitcoin recovering again after such mess that China has made to the ecosystem last few days or so. Wasn't able to buy though, and since I'm late in the party, I might as well see how it turns out tomorrow. Someone says that dead cat bounce, which is a temporary recovery. But let say how it goes.
Looks like OP nailed it, it bottomed at $2800 and right now we are at $3520 and climbing back up. Other reputable price analyists like Tone Vays called a $2800 trend reversal too.
It really cannot get any worse than what we saw. The impact of China banning Bitcoin was obviously priced out already and not only that, but the implications of no Chinese exchanges were greatly EXAGGERATED as we are seeing a massive bull happening right no without Chinese exchanges.
I agree. It was grossly exaggerated and I guess some big entities have already benefited from such FUD. Chinese exchanges are dumping heavily but if was already offset by another massive bull run that we are seeing. We may see $4000 again. And for holders, this is a good day, and it paved off. Losers again are the weak hands that panic during the dip.