OP, if this move is indeed because of FOMO then holding Bitcoin now is like a game of who will blink first because the opposite will also be true. Once panic starts sinking in the market be careful.
For every action, there is a reaction. Yup, there may be a huge drop after this big run is over!
it bitcoin market
it won't be the same size though.
and that is not called drop, the correct term is
correction. when price goes up everyone starts selling at some point to get the profits out, mostly as short term investment and then price comes down but it won't be down to where it started from.
What if I told you all the traders looking to capitalize on short - medium term swings, the ones that would be taking profits out right about now, are still waiting for the drop to 800ish? Of course they have upped that target now since it appears it won't hit 800 again and are now probably waiting for anywhere between 1000 and 1350.
What if I told you the money that has been pumping in is a many many small time new Hodlers, hoping that the 1 BTC they managed to accumulate over the last few months will be a retirement nest egg in 15-25 years?