I mean, do whatever you want, just know that the price can drop 50% several times over, to the detriment of people who thought for sure they were buying the bottom. You can't peg a price on BTC to anything fundamental, so the price is mostly determined by the arbitrary whims of price manipulators. If you think you can predict their intentions, and align your movement with theirs, go ahead.
For some reason this entire sub seems completely unaware that it’s blockchain week in NYC and there have been literal all day meetings and panels between everyone in the ecosystem since last Friday. Hedge funds, mutual funds, exchanges, crypto researches, accounting firms, asset managers, banks, native crypto products, various crypto chains, and everything in between. There has been a mind boggling amount of institutional exposure this week.
There is some minor adoption news with Microsoft, and some crypto event is happening in NYC. Nothing, really, besides that Bitcoin has been moving up, and there are no close resistance levels. This is why we are here, insane upward movements, and Bitcoin didn't disappoint. Hopefully you are all in already, as it might be ok to buy here, but its much more risky after a surge.