Bitcoin is now batteling to restore its value of march 18. If bitcoin cant break trough this its a major bearish signal.
I'm quite amazed how quick the price of
BTC rose again after the mayor FUD during last Thursday - Sunday.
Has someone an idea how this happened despite the threat of a hard fork & the (new) rumors from China, regarding PBoC and regulations of the exchanges?
I'm not sure something 'happened', more that panic sellers overcooked it, helped along by some strategic negative press. So this is more like reversion-to-mean than a fundamental turnaround. That sort of thing generally plays out more slowly, with the news providing noise in the short term.