While the current rally is quite exceptional, it also has an element of déjà vu as it was precisely at this time three years ago when the world’s first currency came well within the range of the $20,000-mark, only to tumble down spectacularly within a matter of days.
The circumstances are entire different, there was a time when the price of
BTCitcoin started to rally from its bottom at around $250 and then it reached around $20k during the last rally and hence you saw a major correction and that will not happen all the time until we see a rally as expected. There are risk if you are planning to invest at this price but if you see institutional investors pouring their money you feel that the market would rally further and set a new milestone before a major correction.