🔸Bitcoin rose significantly in price until the total value of all bitcoins combined reached $2 trillion. This made many people who had never bought bitcoins before feel encouraged to buy now. They are buying a lot because they fear missing out on the opportunity if the price continues to rise.
But those who already have experience buying and selling bitcoins (the "momentum buyers") are not so sure that the price will keep rising much. Additionally, there are people selling the $BTC they bought earlier to make money now.
All of this together means that, although many new people are buying out of excitement because the price has risen so much, if new buyers stop coming in, the price of Bitcoin could stay the same or even drop a bit. Those who already know how this works are not so sure it will keep rising endlessly. 🧐