It will burst, as it did before. Will it reach 3k again Probably not, as resistance levels may start from 15k till 25k. I might be wrong, but from my trading side experience, This time it wont go so down that the normal people can buy a full BTC.
The market changes happening with time isn't a bubble. The market is gaining good resistance, so this time the market will probably stand high above $20000. Once the market served to be affordable for all levels of people, now things have changed a lot. Crypto has been getting served as an asset of the rich to get more rich.