Is $3000 Bitcoin sustainable?

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With so much money pouting into cryptocurrencies one has to ask whether Bitcoin at $3000 is sustainable without having a necessary and needed pullback to attract new money?

Such a meteoric rise usually follows with a big collapse soon after so we really need to be careful entering the market now in a big way.

Being already invested I find that slight entries now can alleviate any excess push however if I was new to crypto I doubt I would but at these prices.

Is $3000 Bitcoin sustainable? | Ecency