Santiment: The latest surge in Bitcoin, which pushed its market value above $66K, has traders excited. While altcoins reflect the biggest pump this week, the main reason is profit redistribution from BTC's growth over the past three weeks.
Expect some testing of the bulls' patience as sentiment has shifted to a high level of FOMO (greed).
Typically, this coincides with upcoming local tops.
These could occur today, over the weekend, or in the coming weeks, depending on how whales behave at these levels.
Meanwhile, don't expect to be able to buy back at the $50K or $60K levels without global economies starting to show red flags.