With most of the past two days spent below $8k bitcoin price has been looking extremely bearish. A big bounce in late trading on Sunday, however, sent BTC back above resistance to top out at $8,300. Altcoins are also having a green Monday as the bears are kept at bay for now.
https://bitcoinist.com/bitcoin-btc-price-bounces-back-above-usd-8200/I think such jumps are short-lived. This reminds me of the situation of last year when Bitcoin was like a roller coaster making jumps by 6-8% and then at one point fell to $5000 at one day. In my opinion it can happen again