It seems that Bitcoin might be at a very dangerous point at this moment. Below in comparison the BTC chart and the typical economic bubble chart. Up to this point, BTC seems to have been following very closely to the theoretical scenario. It would be wise to be extremely cautious at this point. If BTC picks up, it will be fine for quite some time, but if it starts falling, it would confirm that we are right now in the "return to normal" phase, which is extremely risky time for investing.
BTC influences altcoins heavily and might shake whole market if it was for a downturn.
We should pay attention and monitor this situation closely.
https://people.hofstra.edu/geotrans/eng/ch7en/conc7en/stages_in_a_bubble.html
Interesting.