It's important to keep in mind that Bitcoin moves up so fast because it has an exponential growth rate. Which requires a log chart like the one used here in order to clearly see Bitcoin's growth. Using a log chart allows us to see that it had been forming a bullish pennant for the past few years that it finally broke recently. Based on the last uptrend up to it's consolidation we can estimate that this run should lead to around the 600k price. Pair this with the fact that the dollar is at it's weakest point in decades, an investment in Bitcoin is not only an investment in the blockchain it is the act of selling the weakening dollar. Check out the DXY to see just how bad it's been doing and with COVID that doesn't look like it'll turn around anytime soon. Yes Bitcoin has had an insane move up recently and may take some time to cool down before continuing up, but investing is not about getting lost in the short term. It's about seeing where it's going in the longterm and trusting this plan without doubts. In my opinion this plan has always been up and will continue to be as the dollar collapses.
This is not financial advice this is my opinion, always do your own research before investing.
This is not financial advice this is my opinion, always do your own research before investing.