Combined with the recent influx of negative news, it may very well try to reach the new high in the nearest future:
SEC Quashes More Bitcoin Pitches in Another Blow to Crypto
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#Bitcoin stuck below $6,500, and @AnthonyGriz is betting on more pain to come
However, the nature of such parabolic runs can be called anything, but sustainable.
It didn't end up good last time in mid April. I have no reasons to believe that this time it will be any different.
I will not be surprised at all if the market "suddenly" develops opposite to the direction mainstream media is pointing at the present moment.