After bitcoin got over $8k and was holding nicely, the bottom fell out.

And when I say the bottom fell out, I mean THE BOTTOM FELL OUT!

Prices went as low as $6,200 on the charts very briefly!

Yikes!

I won't get into exactly what happened but it was some combination of bitstamp and bitmex messing with the markets after a large sell order got things rolling to the downside.

This tank was scary except something weird happened...

Prices recovered.

(Source: https://www.ccn.com/crypto-winter-is-over-25k-bitcoin-price-coming-perma-bull)

Not only did they recover some, but they took back the entire drop in about 2 days.

As I type prices are back up near $8k.

They should be around $7k and bleeding based on the charts.

The bullish sentiment is so strong prices aren't able to correct even yet.

Everyone is waiting for $6k, but it's not coming.

That may force people into buying up here if they really want to get in... that's called FOMO.