I think this is what they call sort of a "dead cat bounce", and the bump we just saw that took the price up to $68XX was just that, a bump in an otherwise downward trend. It's crazy, because I woke up and looked at bitcoin and we're now at $6181. That's one hell of a drop in less than a day.
Luckily I'm not an active trader and don't own that much bitcoin. And this is the main reason why--volatility and unpredictability. But I imagine there are traders getting their asses handed to them left and right. Hopefully (lol) bitcoin won't go much lower. I have my fingers and toes crossed.