Now it seems all the doubts about the $10000 barrier has been cleared. It has been broken with a sixer and it is rushing fast towards $ 12000. The halving had a catapult effect on bitcoin and the momentum is quite good. It is quite important that the momentum is maintained in its journey towards breaking the all time high. For that the big players have to pitch in as it is not the cup of tea of small players. But if history repeats itself then we might well see an all time high.
The next question will be whether it will sustain at those level or not, whether it will have the steam to maintain that level. It is for sure that if it breaks the previous all time high then after that there will be a correction. Thats where the power of bitcoin will be tested.
If it falls back to 10000 or 11000 levels or will it make a new base around 15000 16000 level. This will be the most important period as a higher base will catapult it again to a new high in the next bull run.
fingers crosssed.
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