I really doubt that Chinese new year will have that big of an impact on the bitcoin's price.
But I think that you're right about the price rebound. It's going strong now and I can pretty much only see this current trend going even higher once all the bad news is flushed out of the system and people are confident in buying bitcoin again.
Potentially, this pump will take bitcoin back up to $10k+.
No point selling now because a) you're probably going to take a loss by doing so and b) bitcoin is most likely going to get way higher after this.
Chinese may not have impact, but the huge volume that was pumped into bitcoin few days back should have at least given some people a clue that the bulls are beginning to get back into the market. We do not need a soothsayer to tell us sometimes when to get in and when to get out.
We have had a huge dip enough and anyone who is not buying now and waiting for lower, instead of at least buying some at this point, is as greedy as someone who bought at the top.
Smart moneys will be thinking of a sweet time to get in right now. The risk takers obviously would have gotten in as well as the true believers who are taking the good opportunities. However, those who are bearish on bitcoin are always the one who usually come back crying about how they missed the chance of their life. Anyone who cannot see this as a chance now is definitely not even supposed to be here.
