It's very possible for such outcome to happen and it's also very possible for it to fall even lower the current price of 60k, we can only speculate what would happen based on the amount of known we have available to us, but bitcoin has enough fuel of demand to proppel the price even further, many person's speculated the price to hit 60 before the month end and it did happen, we might also have a price correction back to 58k but we are now more certain that the bull run has set in and we are just a little further to 100k.
I am sure bitcoin would hit a new ATH soon but I am not sure when, it could happen even soner than expected
I am still into this belief that ATH will be hit next year. But if the move is like this and we've just hit $60k and $61k, then everything is possible. Today, Bitcoin showed on how superior it is on the market and how volatile it can move positively. But at the same time, this also shows that it can dump as soon as possible. This is the skyrocket that we're all waiting for, no halving yet then we're so close to the past ATH that we've been. This gives the idea that we're truly going to surpass the past ATH that we've met soon. Prepare your emotions and don't forget to take profits at the peak or else you'll have to be patient again waiting for that moment for you to start enjoying those holdings that you've planned all along.
Your right we should also prepare for a sudden crash in price cause you know bitcoin can be very volatile but I rather call it a correction and I am not expecting the correction to take the price up to 10% low in price like up to 50k, just a little consolidation around.
Yes it's good we cash out at the peak but let's not forget that there are times that bitcoin price never return after a new ATH and sets stage for a new price range of bitcoin, we should expect either possibilities so let's not sell too much or all or holdings and get stranded trying to buy at a higher price or you end up using your holding's money.