Even as a short-term bear I could see last night coming a mile away. It's a basic rule that the price crashes when everyones going to the moon, so with bitfinex totally shorted out last night and everyone expecting the drop, what was there left to do but buy back in when it didn't drop, now we're back up at the high 900's when we were almost finding a stable platform at high 800's low 900's. This bull/bear yoyo'ing could go on for weeks now because there wont be another rally for a while most likely.
I'd give it a day or two...
THIS IS SPART... errr.. I mean Bitcoin.

I honestly can't see it Macsga, I mean the kind of mentality we have just now is like 'well we're up at ~900 now, so we may as well just rally up to 2k! lets go!', but in fact the rally which brought us to ~1240 and thus ~900 was several months of built up pressure and many positive factors including China, regardless of whether China was exploiting the ability to make quick bux through arbitrage or criminals were using it for laundering or just people in China getting on board. I think we have squeezed all of the juice out of this current 'bitcoin bull period' and to take it to the next level will require a slow period of a month or two to let the pressure build up again before the next explosion.
Hey, I remember this argument... at $600 after the first correction.
how much "pressure" is left.