few weak hands will buy back soon.
I feel the price is overvalued right now. They will buy back at lower price probably, below BTC3
I sold majority of my holdings at BTC3.47 yesterday.
I disagree with this statement. Granted, in Bitcoin mining everyone is always looking for a month to 3 month ROI. However, I feel like with this security having so much future potential (mining hardware at cost + hardware sells + generation2 chips), ~30% APY is a completely reasonable price for one share.
Also, there is quite a bit of buy support above 3 BTC, with 192 bids above 3 BTC on Bitfunder (I don't visit the other exchanges so I'm not sure about elsewhere.)