People believe its bullish time because some people hype up and condition there mind that bull run is happening, maybe some of it do this on purpose so that their position will get hit so for newbies they need to be careful on what they are doing especially if they don't know how to figure out the trend. And its good advice to always look up the chart because it can give us the possible scenario on the market.
Whenever we see a small pump, we anticipate that it's already bullish time but it's not. We seem to be grateful for those small pumps then followed by a big dump.
But I like what I'm seeing here from now on that bitcoin is showing its support. Although, I'm not confident that it's likely that it may show a little over support in due time whatever the market permits to happen. Just ride this roller coaster for long and whoever stays will be the ones who will be rewarded.