This whole move up just feels a little forced, without any true demand. As we've seen how fast BTC collapsed from $9200 to $8200. It doesnt even bounce. No one bothered to buy the dip.
I was watching the charts yesterday at $8300, it was largely driven only by bitstamp.
Yeah, I'm really focusing more on the big picture and the influence it has on the short to intermediate term. The most recent very short term sell-off could be the last of the more intermediate term selling that gives way to longer term upside pressure.