it did it $73k, and I think there is no stopping as where the price will be pre-halving. Although I think the bulls intention is to break the previous all time high. But it's not out of control in a good way. And so it's possible that with this kind of bullish momentum, $75k will be achieved or even higher as we hit the halving. There were also speculation that we could see a correction just like the previous history. But this is the first time that we have seen this kind of price movement, so the previous run could not be applicable in this bull cycle as new patterns are emerging. As for what is the reason? obviously, everyone wanted to get as much Bitcoin as they can before the halving, as the demand is going to be huge in the next couple of years. And if we buy and HODL today, it could be worth something specially reaching new all time high at 6 digits.
I get that we feel like we are not entirely sure how high it could go, but getting to hype about it could also end up quite terrible if we are not careful. I have seen a lot of people lose all of their savings during the bull run and that is such a shame because the same people could have been super wealthy during the same period.
The main reason why people lose is because they take on way too much risk and they face corrections during the bull period, and this results with them having a bad return. I think it would be a lot better if we could just focus on what kind of money we could make, and also have some sort of risk management in place to make sure that we are protected when we are trying to make money.