Bitcoin had its second major price crash just after I started following it (first was Feb. 18, second was Apr. 4). Since, unlike the first one, this didn't come during an obvious adjustment phase, it seemed like a lot of people were concerned that the end was near, the bubble had burst, and this would prove that Bitcoin couldn't sustain itself. After a couple weeks, things strongly rebounded (leading into this current rally), and I suspect that another crash of the same magnitude is unlikely, now that Bitcoin has proven it is not as fragile as was feared.
Agreed. Yesterday, mtgox was DDoS'ed, coinpal's paypal account was locked and bitcoins are still trading above $3. I think confidence is higher than ever.