Hello!
Sure it's the act of mass psychology predicted by Elliottwave.
Obviuosly not all bull shareholders left the market, this one has the tendency of rapid & short term impulse to the north, and then we'll see the downtrend!
Kind regards, Team Traders "PowerfulTraders"
And a few hours later:
after an opening lower, a break even higher and a hammer sending the price back to reality before the 500$ mark.
Here is what happened .