Most of you reading this post will probably find this hard to believe, but it is very possible this big drop ends up being a good thing.
I found it extremely bullish the second I noticed it. A flash crash to the old resistance line with imminent recovery? The market is being tested, and more and more bears are going to flip bullish if the price keeps recovering so quickly after these flash crashes occur. Looking at Ethereum, these recoveries are even more substantial, pointing to a strong alt-market on top of a great Bitcoin run.
Yep. It gets the weak hands out, and allows for a fresh influx of short sellers which them covering will be the fuel for the next big move up.