Now to watch bears chase price up to $30K. Still many bears that expected $25K to continue to act as resistance, as well as lower lows, which for now looks very much invalidated. They'll now be waiting for a re-test in order to accept defeat and buy back, so imagine the fallout if there is no re-test and price continues onto $30K. They will then have to buy back above $30K instead if that breaks next.

Basically it's not just the market sentiment shifting bullish that can cause another parabolic run, to me it's specifically a lot of bulls only turning bearish after rejection from $25K last year. There is one big youtuber in particular who's spent the past 9 months mocking bulls and saying $25K just isn't going to break. After recommending his audience "get out" around $24K last year and wait for $12K to $14K.... oh my.

There's a lot bears that supported this belief is the crazy part, due to "iNfLaTiOn". The irony being that a lot of them were buyers around $10K, selling at $25K, and now will be buying back at >$25K. These so-called investors should have their entire reputation destroyed for basically recommending people sell near the bottom after a -65% drop, because price could drop -80% (and that's twice as far). The irony being he was wrong about $6K holding as support in 2018, so probably felt he was "right" being bearish in 2022, as well as this year. In reality, he just always get's bear markets completely wrong either way round.

This also will drive the hodler sentiment, now that timing the market has become a lot more difficult (without a blow off top). Most won't want to sell unless price returns to >$50K this year imo.