Post
Topic
Board Speculation
Re: Bitcoin’s Explosive Surge is Firing up the Bullish Sentiment
by
exstasie
on 09/04/2020, 08:26:42 UTC
Do you think this bullish sentiment has legs?

Not really. I think bulls are getting greedy. They are now piling on longs. I think the next leg up is going to squeeze out the last of the early shorters and trap lots of bulls who think we are in a new impulsive uptrend. Then I think we'll see a significant correction to this month long relief rally. I could easily see a push into the $8,000s before a flush to the $5,000s.