Honestly this new increase scares me a bit, it is definitely a better one than I imagined but it also scares me because when you have such a huge skyrocketing increase then it usually follows with a big crash in the end. This is why I am not sure about what is going to happen next. Don't get me wrong of course it could continue to rise, why shouldn't it continue to rise, it always have that option available.
I'm not seeing a huge jump, just the usual price movement in my opinion. We can't even breach $50k without going on a minor dip, so there's no skyrocketing increase as you have pictured it. Last year though was different up to April when we hit all time high. But since then we are struggling. And the good thing is that we have somewhat get passed the challenges of China FUD and Elon Musk influence.
However when there is a big increase in price that usually ends up with a big crash following and I believe that the chance of that happening increases with each increase we have. Let's hope that we do not face something like that in the near future. If we can stay above 50k for even a week, then it will establish its price there and the result will be breaking the ATH a lot more easily, but staying above 50k for a week will require a lot of money from investors.
Let's see if we will hit $100k at the end of the year and see a major crash. In any case that's how the market in crypto works, everyone is cashing out to make profit if ever there's a new all time high.
