Manipulation mostly occurs in the orderbook, the walls. It has only a small effect in the overall market trend. The market came down from 136 to 65. The market is only midway between the two recent extremes. It is entirely reasonable for it to return to $120 for a while even if the long-term downtrend is still intact. If that downtrend has already exhausted, and the $266 bubble deflation has faded away, then it may kick around in hundred plus range for months.
Maybe just a little worried that not everything is in the image of 2011:
I do not the exact numbers, but each phase trend:

1. continuous downtrend until the end of triangle
2. rapid fall to oversold of the market
3. big jump bellow resistance and above support
4. side movement bellow resistance a peak in resistance
Yet it is all too much similar. But maybe "5." will be otherwise next...
We Shall Overcome resistance and will rise to 130?
or
We'll see next big correction of overbought market?

These are the questions that can answer only next days and weeks.