We all know that it is impossible to forecast the future, so here is a reasonable scenario that may play out based on the very recent bullish turn.
There is FOMO all over the market now, but I think it is a trap and the technicals need to take over, ie: profit taking.
Because of the bullish move, I'm not sure the bottom will go lower than $600 (at this point). However this might set up nicely for a double bottom retrace to get everyone who missed it back on board.
So what I'm saying is, first we 'go down' to go back up....