i think this bitcoin rise is mostly the "money" coming back to bitcoin after the main altcoin pumps were done. it is not exactly bitcoin coming back. it is however the start of bitcoin's come back. it will initiate the next rally now and will be followed by a big break out and a new ATH soon.
feeling pretty bullish right now...
Feeling bullish and agree that this occurs, but BTC is bleeding out slowly again right now. Can see XRP recovering some, pumping, etc. Altcoins are recovering again, and will hit waves of up and down. Each sharp downturn will net gains inn BTC though again so probably temporary, through the weekend is likely though I'd say. I think the next big pumps for Bitcion will be if some institutional money does finally start to invest - i.e. some ETFs, more futures somewhat, etc. That may be 3+ months off at least though.
Stupid ripple :-/