There were some big news and happenings that could've dragged the price way down but they didn't, tho we took a hit but not as many expected.
In all, I can say that the drop in the last 24-48 hours could've been scary but it got a support.
That might be true, but I am not sure it means that the bearish trend is over. We can hope that Bitcoin hit ATL, but I don't see any perspectives for the price climbing up. Moreover, the $6.5k barrier was very resistant towards bad news for some time as well, so perhaps it's just not the kind of news to some the price go down... And until we see the price at least getting to the previous level of most of 2018, I don't think we are reasonable in being positive about soon recovery. Perhaps the Bakkt release and Japanese experiment would do that trick.