Without going into detail, I've studied market manipulation extensively for the last few years, and I believe the Bitcoin chart is in the process of manipulating the market into taking long positions (buying; HODL). The aim is to either take your stop loss or scare you into selling.
I posit that it is about to fall significantly. Likely to below $8,500. If you bought at $11-12k, that kind of fall might scare you mightn't it?
And there's the thing, so many Redditors have just bought and are happy to hold at the moment, I think it's worth betting against that sentiment. The unpopular view always wins in the market, otherwise we'd all be rich.
In summary, I'm betting that a nice deep retracement is imminent, precisely because you're all banking on it not being the case.
Just my two pennies. We'll find out soon enough.