I saw that the price of bitcoin and other crypto currencies are bumping exactly at the same time and it now reached $9000 in some hours.I hope this is the end of the crazy run with bitcoin price.
BTC is up around 7% from 24 hours right now.
It's really no surprise though because yesterday was just pure panic dumping and today people are realizing they have sold their coins for way too cheap & now re-entering the market with the money that they gained by selling yesterday.
I doubt this will be the end of dumps. We will see a pump up to $9000-10000 and test the waters at $10k again, if we break it then we could have some more pumps, but 2018 in my opinion will turn quite bearish from this point, especially if $10k isn't broken once again.
It is not something usual, for sure we all know that at this time bitcoin can easily recover after a dump, so we should not be amaze or shocked, that is why we are always kept saying to just hold bitcoin as this will still recover, and it is quite far compare to the 1st quarter last year. So, still nothing to worry and no doubt about it.