I'm not a Bitcoin expert, but I do know basic price chart technical analysis. Two big things that stand out in Bitcoin's updated price chart are the bullish trading gap from mid May getting filled, and the very bullish long white candle stick made by yesterday's strong buying.
The recent slide in cryptocurrency markets had many interested parties nervously watching on. Even yesterday, as the bargain hunters entered the fray, the recovery wasn't all too convincing.
With yesterday's candle now being confirmed as a long white soldier, at the bottom of a hefty correction, a very strong reversal is now being indicated.