You've stated correctly bitcoin will continue to rise I'm sure but it's dropped from $58k to $53k in hours. For a while it looked like it's heading up at $60k but it didn't make it. It's borderline stable for a few days then drops too much so it can't be thought of stable just yet.
Others will follow Elon Musk I'm sure they'll be buying bitcoin and $75k isn't far away.
It's just a matter of time whether Bitcoin will continue to rise or not nobody knows what will happen in the future. But please remember that Bitcoin did manage to be stable at $34k to $38k last week and now it's a bit different because there's a bigger player joining in the bandwagon after Elon Musk bought $1.5B worth of Bitcoin.
We never know if some bigger names start to participate then buy some Bitcoin and that's for sure will start a new push of the price to hit a new ATH. But if there's no new big institution/bigger investors then we should slowly expect a slowly decline of price over time. But I don't know what price is the support would be.