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.
