I don’t believe this is the real recovery. The first bottom is usually not the bottom. What i saw were sellers in control the whole way and a little pressure relieved (albeit big percentage pressure bounce). What you want to watch next is where the sellers make a stand and then when it comes back down i want to see some puking panic action for a the bottom.
I am not sure is 25k at the end of 2018 is right, because i am looking sideways all 2018. But it could go from 8k to 25k in 60 days starting 2019 lol
Hmmm if you are right, I will probably just buy more... :-)
But anyway I do think that we might have seen the bottom, it seems like smart-money has re-entered the market since they were no longer able to short Bitcoin lower, interesting to see this play out. Hopefully it's not a giant bulltrap.
To be honest I would have less hope for cryptocurrency without the giant leap upwards, so I'm not sure a lot of people will sell when it drops back. On the opposite this huge pump gave hope and people want in again. I think the weak hands have already been shaken out of the market... :-)