Re: Dear Bear, So is this a slow bounce up, then a slow drop back to $100 or less
Or we already went through the "return to 'normal'", "fear", and "capitulation" phases and are now in the "return to the mean" phase.
I don't think so. After the peak in 2011, the price went down for months, in a long and excruciating winter for every Bitcoin advocate.
Another possibility, is that we are there:
Precisely when we had a bunch of VC investments announced.
Either way, I remain cautious.
Edit: BTW, while it would be great for my portfolio, it would also be very bad for Bitcoin.