Indeed it looks like a bubble, but at this point I've seen it happen so many times and not actually been a bubble. Every time is settles down to a point significantly higher than it started. At this point I've accepted these are all price corrections that over compensate and then drop back down to it's true value. Maybe this time it's truly a bubble this time, but I tend to think just repeating history.

It looks a little less ridiculous a log scale but still pretty odd.

https://i.imgur.com/tIyvGFs.png

Mr Satoshis wild ride