after the weak hands were flushed out for yet another time and whales took their coins out of their hands it is time for the FUD to go away and as we see it has. and with it the price recovered and we are heading back to normal prices after the correction.
i also want to congradulate those who bought the dip they are now enjoying nearly $1100 profit for every coin they bought.
Yeah the FUD went away and the bulls came back strongly.
The media seems to be portraying bitcoin in a positive light once again and that is one of the main reasons of this pump. China is still trading far lower than exchange rates on bitfinex, kraken etc.(western ones), dragging the overall price down just below $4000.
We should expect $4k to turn into a nice floor soon, instead of a resistance right now.
The crash probably was due to Chinese firms trying to cash out. IMO they're not done yet, so it'll still be better to expect the worst.
