Some good arguments here:
1) Institutional investment is driving it, not retail. "In fact, the number of Google searches for “bitcoin” is only around 10% of what they were in 2017. In other words, retail investor FOMO has not even started yet,"
**2) Network fundamentals better than ever. ** "Bitcoin is more secure than ever and would require an unfathomable amount of computing power to affect the network."
3) Bitcoin reward halving is still 11 months away. ** "This is when mining block rewards will be cut from 12.5 to 6.25 BTC, thus reducing the bitcoins minted by miners who are naturally market sellers."
4) The bigger macroeconomic picture. "...'hodlers' are confident that bitcoin — with its fixed supply — will outperform fiat currencies, whose supply is growing at an accelerating pace over the long term."