There were so many media issues that could be attributed to today's rush into bitcoin:
- bombing in UK train
- NKorea firing missiles over Japan
There were also other issues that could have pushed it further down:
- JP Morgan CEO calling it a fraud
- China shutting down exchanges (Although I've read this was because they want further regulation before continuing so this piece of news could be taken either way)
these things have always existed, but other times we don't pay them much attention. or don't make the connection.
Do you think the dip is done or is today's rally just a bull trap?
it doesn't have to be one or the other. it may very well be the recovery. the big dip needed to correct too. it is not just a big rise that needs a correction.