Everyone is into hype because this year will be the halving and the halving is an event where the price will be high because there will be less bitcoin to be produce when mining.
most people just assume the upcoming block halving will make the price go up to very high price levels, but people don't seem to realize that the price can also go down. no matter how small the chances are, it is a possibility. one thing is sure, no matter what happens, we will definitely be able to make profits as there will be a lot volatility in the runup to the block halving.
It will go down for sometime because the whale manipulate the price when they bought enough bitcoin and then the price will boost so that they will profit more.