Now the market is extremely volatile and extra hype. So what ever the hypes now are temporary , bear market sure will come in next days.
I am completely agree with you. The bull market of 2017 lasted 4-5 months and the bull market of 2020 already completed 4-5 months. I think now the market will slowly go down. So those who are willing to invest anew should think a little more. I think now is the time to collect our profits.
I do not think that it was similar, people keep mistaking that period and this period a lot but the reality is that we are much much longer right now and we have different situations. To explain it more clearly, during 2017 we have reached to that 3k level thanks to bitcoin cash announcing they will be giving everyone free BCH if they are holding bitcoin, so during July or so everyone bought bitcoin and price reached to 3k and that was one increase, after that all the way to November nothing happened and in November to December we reached to 20k, and that was it.
Today we have been going up since October, but we also have a lot of big companies buying billions of dollars worth of bitcoin, we never had that before and now we have them on our side, so it is both longer and also the "reason" is much better this time around. This doesn't mean it will not go down, it just means it is not similar.