Bitcoin May Look Like a “Rocket Ship,” But Investor Euphoria Remains a Problem

Bitcoin (BTC) has been caught within the throes of immense bull-favoring volatility over the past several weeks, which has allowed the cryptocurrency to put significant distance between its recent lows of $6,400 and its current price of $9,500.
This upwards momentum has led the crypto’s market structure to grow increasingly bullish, which is leading some analysts and investors to grow euphoric, and even to define the crypto’s macro technical situation as that of a “rocket ship.