One thing I know that Bitcoin always comes back strongly anytime there's media propaganda against it and this is no different at all, a lot of the tv critics are eating a humble pie and I hope they remain shut . Bitcoin will always recover from th negative news and we are headed to the moon.
i think bitcoin now is stable in $12xx, its up and down in that range. i agree that btc is really strong to comeback and show its power depend on what news said and no matter other say, btc is always lead the market. its already makes us happy to see this price but suddenly for traders which trade btc-altcoin, this is makes them very sad because the price is down when btc price is up.
Yes, indeed, we can see strong support somewhere about 1150/1200 levels, right now bitcoin is again slightly lower, but the price is pretty stable nowadays.
Personally, I wouldn't have said that bitcoin is recovering, because price levels about 1200 US dollars per 1 bitcoin are pretty high in the bitcoin history.
That is why we dont talk about recovery, but instead we say that bitcoin is making new highs.
I still can see many people saying that bitcoin is dying, but as we can see it has very good price right now, I think that is just the beginning.
Yeah, if the price would be stable we can expect some drop but right now as we can see it's getting higher in price range. But if nothing happend critical(some kind of panic) the price will go higher to 1300$. And that fork with bitcoin unl. failed i think bitcoin will go higher this period