I agree, the bears are hopelessly weak, even after real implications of the ban in China.
I wouldnt say that the bulls are too strong either, but the sentiment is so bearish, especially in the circles of newbies, that the worst must be over.
given just a bit of stability, the bulls will flock back to bitcoin.
How can the sentiment be so bearish if half the posters on here are arguing the same thing that you are?
first of all... they are not.
Also look closer at the content of the arguments. you will find more fallacies in bearish arguments. strawmans, red herring, ad hominem, you name it. The people who have recently sold all their coins are newbies, and by panic too. they are always last to the party.
the hype is about the china ban. it's a fiat bubble. when the real news hits, there is one pathetic spike and no fundamental follow through.
the bear run is at lows. Im not gonna pick numbers, but there will be very little volume traded under current levels.