So I guess thats what everyone is thinking recently:
1) Wow, BTC above 10k again, its so strong, I was so stupid when I sold cheap. 2) I only have X bitcoins , I want X times 2 bitcoins or maybe even more for more profits. 3) Wow, price just dumped a bit, lets use this chance and quickly buy some more before it soon will be worth a lot more.
My summary: LONG, people have fear of missing out crypto gains gain, they buy a lot, when it dips they buy also they call it a limited discount chance..
Wow, price was as low as 11065 $ and few hours later is back to 11364 without big buy candle, this confirms my theory: When price goes down, people think its their chance and buy quickly -> price goes up again!
Very bullish!