Now that he have reached a new all time high, but then again it was followed by a sell-off. Not surprised though, just the natural occurrence in this market, people sell at the top to make profits, simply as that.
That's how I read it. When we went back through the previous $20K ATH from December 2017 last year, there were two or three times when we got close to $20K, even passing it slightly and the price dropped again, until we managed to break the resistance clearly.
I think there has been mainly profit taking now, but that we will be back up again soon, and that the best is yet to come until the end of the year.
That has been the case for 7+ years as far as I can remember, 2014 had a huge spike and then a fall, we are in 2021, so that’s 7 years. It probably happened before as well but I don't know, I haven't checked, I was here on 2014 and that’s the first increase and then correction that I have seen.
However, imagine a world when the price is 65k dollars and people say "it dropped", I mean I wouldn't even dream of 65k in my wildest dreams just few years ago, now we are considering it a low number and expecting it to go a lot higher. I do not think that we are in a huge bull run, those are the times when bitcoin does x10 and we are not there at all, yet it is still a good situation to be in right now, it is definitely going up, not a huge amount but it still broke the ATH again.