Buyer confidence has been restored as April 15 is upon us and Chinese exchanges are still operating, hence the small rally.
The Chinese whales are gradually dumping the coins, while China is gradually banning BTC.
No connection there whatsoever!
Bears get to gloat, Bulls get to gloat, but in the long run, only those who are loading the dice actually get to win.
China is fucking with Bitcoin big style. This rally was all instigated on fake China volume on Chinese exchanges, and the crash will come with real Chinese volume on the USD exchanges.
So you think the Chinese are going to mass dump on the USD exchanges? Why would they do that if they can sell on the Chinese exchanges and withdraw locally?