People are getting too exited about the small "spikes" in the price. <upwards & downwards> and should seriously consider not looking at the price every 15 minutes.
The price correction will come and we have seen that this can happen very fast. In a matter of hours the Bitcoin price can increase with $1000 and in a matter of days a new ATH can be reached, if the market wants that to happen.
Unfortunately the market reacted to negative news and this triggered a massive dump of coins and that spiraled out of control. Now, we are seeing a slow push <correction> but the negativity are still fueling some mini dumps. My gut is telling me that this is pure manipulation and that the strongest hoarders will be the biggest winners in the end.
<My gut was doing the same thing in 2017 and I was rewarded far beyond my expectations.>
ATH in a few days is an exaggeration, Bitcoin still follows market cycles, so we'll not see a new ATH in years. The current volatility is a good opportunity for making money on trades if you can guess the next big price move correctly, so for some people it's a good reason to get excited, although they are probably a minority. Also, this rise to $4,000 was a huge relief, since we were close to testing $3,000 bottom. But you're right, in the longer run a lot of things can happen.
