This is also how I feel - extremely bullish.

* Tons of weak hands have already sold their positions last two years, wich is proven by relatively small effect of Mike Hearn little shameful move.

Meaning those who hold, hold for good, and those who sold are probably looking for a good oppurtunity to buy again... If Segwit + halvening doesn't do the trick... well they'll probably never buy again....

* Part of the demand for BTC is composed of ppl buying stuff priced in $. They technically don't care much about the price : if the price is 2x, they'll simply buy 50% less, but they'll still buy !