The year of 2016 is really good for the bitcoins users because the price is going up and the market is good.
It's just the fake pump, don't get in now yet as the dumpers are collecting some bucks from people like us who get trapped in their webs, and then they start a panic buy which happened many times including that $1.2k ATH thing...
it looks like you talk just happened. Do you think pump yesterday is was fake? because this time the price drops.
trader think they can take advantage of halving news. to manipulate prices. and make a lot of people panic buying