this is the important part that some people don't seem to get yet. it is not surprising either we had the same thing back in early 2017 when price had reached $3k for the first time and they were all crying about how bull market has ended and the dump should begin.
That is true but the price difference from $3k to $19k was a huge rally but when it comes to the valuation at the moment people like me who earns below what the price of bitcoin is right now annually cannot make a difference along with millions of other middle class investors and the price of bitcoin depends upon how the institutional investors keeps on investing in them and how long they are willing to take the risk.