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.
Same impression/view/inputs on what you have said.Come to think that we've been like this since day one on where there always uncertainty on every movement we are witnessing.
It can wreck down hopes easily and the positivity inside you when the market crashed on least expected time.This is why its always been unpredictable where we do see a very plausible
bullish sentiment but the market price goes to the opposite side.
Im not that too negative but im getting used to when in talks of bitcoins price.