I remember when many people were calling me crazy for thinking we could go to the 8K's and maybe 9K's a week ago. Until yesterday even i thought i was crazy :). Because it was just taking so long for price to break the 7K resistance. One thing that is very different than the failed rally to 7500, many Alt coins have really exploded indicating that market sentiment has changed for at least the short term. It's just funny to see how sentiment can change so quickly after a big rally of 1200 points. It's actually just very typical in an emotional market like this one. Hope and fear plays a very big part in this game and i believe certain parties just know exactly how to abuse that feeling. You have to understand, i am telling all of this from a day traders point of view. And day traders know how mean this market has become with all those mean shake outs that are only increasing every week, to the up and downside!