The price has recovered long time ago and it keeps climbing up,all the time. Some say this is a bubble that it,will burst soon but it doesn't have to be that way. It's.understandable that people are scared a bit because so far they always had experiences with some kind of dump that followed the pump and current price and the trends almost look like they are too good to be true.
I think Bitcoin experienced two good corrections and right now the value is somewhat indicative of what it would be realistically. Maybe give or take $50, but
I would say that Bitcoin is in a bit less of a bubble state than it was a week and a half ago. Maybe there is only support at the $1,700 range, but even then it's still nice and high, and I don't think anyone can complain about something like that
I don't think it is in a bubble right now
In general, any highly speculative asset like Bitcoin is always in a state of a permanent bubble (unless it hits ground some day), so there is no particular difference between price being 500 dollars or 5,000 dollars per coin. I understand that this is a bit counterintuitive but if assume that Bitcoin "fair price" is essentially at 0, you will feel a lot easier. In this way, you can't possibly say that today, when Bitcoin price is over 1,800 dollars per coin it is in a bigger bubble than yesterday, when its price was only 1,600 dollars. In other words, the higher price doesn't mean that it is closer to a correction or crash (otherwise, we would have never reached today's levels in the first place, while earning profits would be a pushover). Higher price certainly contributes to higher volatility, but that's pretty much all
