If bitcoin can get to $250k by December, then buying now in view of getting returns by the end of the year isn't a bad investment plan. Is such a plan a good one or a red flag?
Do you know anything about FOMO?
You are probably suffering from that fever and you should be careful. Why do you have to wait until Bitcoin goes past its previous all-time high by two times before you start thinking about buying? Why not when it was still at $30 - 40K unless if you are doing long term DCA.
As a person who has witnessed some few bull runs, I call it a bad plan vs buying in the bear market, but if you trust your gut, go ahead and buy.