recent spurts are making the price look reallly healthy. MFI clear positive trend and the accumulation/distribution line is outpacing the price.
...markets swing from overbought to oversold. the 200% increase could easily have been a correction from the HISTORIC, UNPRECEDENTED downward momentum of the falling-knife (panic-selling-induced) crash. perhaps this is a sign that the correction is over and $6-$7 is a 'healthy' price range for bitcoin. always think longer term.
i'm a bull again. went all-in BTC.
EDIT: month-scale trendline hasn't even yet been broken. also, the price is demonstrating some extreme resiliency. the Accum/Distrib line is equal right now as it was at the peak of the summer bubble, and the PVT is higher. perhaps everyone's back but much more mature? i expect strong growth this year.