Bitcoin is at a new high. It will retrace somewhere. Just like it has done time and time again in the past; each explosion reaching yet another all-time high. How high will it get? That is something I don't regard a topic worth debating deeply today. The next "all time high" will probably be somewhere in a range that evokes similar emotions as 1200$ did to those intimate with the technology back in 2013. This said, an argument can be made about a different, more educated, market landscape today - less willing to sink too deeply too quickly.

https://steemit.com/bitcoin/@kyle.anderson/what-it-is-like-riding-bitcoin-bubbles-an-adventure-through-the-present-cryptocurrency-explosion