Today, bitcoin has grown sharply due to positive news in Asia. Do you think this is the beginning of a bullish trend or a dead cat bounce?
Sorry but this bounce was to be expected because we have finally uncover as to who is the culprit of this wild price swing since December (Mt. Gox trustee). But I don't see any mooning anytime soon.
Its no longer December, there are no irrational buyers coming from Asia, and the prediction that China will go back to bitcoin after the Chinese New Year? it didn't happened as well.
So stop and don't put too much expectations so that you won't be disappointed at the end.