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Bitcoins are going through the roof. There is jubilation everywhere. Sentiment has reached an alltime high and medium-term expectations have even reached a 5-year high. The final end of such a rally usually comes a little later.
The high prices of bitcoins have not yet led to increased overconfidence. However, two more bullish weeks would change the game.
Earlier than expected, Bitcoin prices are signalling that they intend to rise in the coming weeks. The strong strategic bias is playing an important role here.
The consolidation of bitcoins continued. From a technical perspective, this is still on track. The sentiment also remains positive. July could bring a positive continuation of the trend.
The consolidation we expected to see in bitcoins has continued. And this has not changed the constructive overall picture from a sentiment analysis perspective.