Bitcoin seems to be a very sentiment driven asset. It is very profitable to control the news cycle and make the lows lower and the highs higher. It always seems to me there is a huge news push right before a reversal. I have been very successful at trading during these moments. It's easy to tell when the stats are screaming oversold or overbought but the news is saying the opposite. I have noticed recently that a lot of the panic selling has settled down a bit. Things didn't go as low as i expected and bounced back well.