It's irritating to see people saying that after a 20% crash (which happened a week ago or so), that 1 or 2% daily recoveries is a good sign for the market. It's not.
Definitely. A 2% increase in value can't and would never equate to a 20% crash of prices. It's just that people get excited when it seems like there's a U-turn. The market is very critical now so a touch of green lightens up emotions a bit. If I remember correctly, Bitcoin did cross $8K mark in the last 3 months. Another thing is, If the value goes up like 2% daily for a couple of days, It'll make a huge difference.