Bitcoin bounce, the revenge of the vengeance. 5 digits again

[Nosk]

Congrats to every bottom buyers, we've just bounced on the bottom.
Lesson taught to panic sellers (so freaking glad I didn't).

I expect a small resistance and then either dip again or recovery.
If there is a sky rocket, it will happen this summer.

[MiLkz]

Its far from over, it did this "bounce" yesterday from 10-11k, then this morning it was low 9000s

[VitaminC]

No lesson taught here. The market been moving like this for past 3 days. It goes down $1000, then up $500, then down $250, then up $150. The only time you can make boastful claims like these if the price movement overall for 1 day is not in red... let's see how many more days before that actually happens.

[TheRealProphet]

I wouldn't call this a bounce.

[Nosk]

Well here it goes, 4 digits again  
Anyway, still hold on the rest of my original post.

Its far from over, it did this "bounce" yesterday from 10-11k, then this morning it was low 9000s

Well that fact makes me say that the bottom is past us.
Check the chart of daily values https://www.coinbase.com/charts

[Sniper44]

probably too soon but for the fun of it i managed to "capture the moment" so to speak

[Enjel]

The red will only last for a few more days, maybe a week more. Hang on! A few more panic-sells and then we'll be above 10k when we recover.

[MiLkz]

The red will only last for a few more days, maybe a week more. Hang on! A few more panic-sells and then we'll be above 10k when we recover.

or ill wake up tomorrow and we will be ~8500, no one knows, 

[KwizatzHaderach]

Markets should have calmed a bit since it is already early morning here in the East. Wait and see if Korean and Japanese markets stabilize.

[Enjel]

The red will only last for a few more days, maybe a week more. Hang on! A few more panic-sells and then we'll be above 10k when we recover.

or ill wake up tomorrow and we will be ~8500, no one knows, 

I'm pretty confident that a final panic sell wave will actually bring us lower than 8500. But what I'm saying is that it will recover soon. This is nothing to worry about - just Asians cashing in their Bitcoins for taxation purposes.

A lot of new investors panic-selling just exaggerates everything.

[Carlsen]

Calling this a found bottom is a little early in my eyes.
It takes a longer period of time than just two hours to determine whether we were at a low or not.
Looking at poloniex, I see bitcoin was sold under 10K again just a few seconds ago.