Well I agree to you the first quarter of the month are full of negative news that give impact to bitcoin price this pump up happen are good sign that bitcoin are start recovering if you notice this recent week bitcoin are stable from the range of $8000 - $8100.
Hopefully in the next week or month the barrier will broke and climb in the range of $9k to $10k.
What negative news? People should really understand the very basics of a market. It was a correction resetting the price to current levels, not negativity that more often than not is fud and fake anyway. The most all this negativity has done is speed up the process a tiny bit, but that's all. People constantly try to convince themselves that the market needs to go up or down because of whatever announcement or happening, but that's not the case.
From $1000 to $19,500 within a year isn't healthy, where if we see the market reset itself to current levels it's nothing more than a normal and healthy adjustment. If we look at the price exactly one year ago, one could even say that current levels are still on the higher side. Recovery is nonsense because there is nothing to recover. We are going up from scratch now, all based on non hype demand. Hype demand may however still pop up when fomo starts kicking in.
