Bitcoin's volatility has been steadily decreasing over time, which means huge price movements upwards are less likely than ever. Sorry it's not going to happen. I think 5000-6000 range is the correct or fair price, so selling at the higher end of this range would bring profit at least and then I think alt coins start making more sense at that point
with all due respect sir, I was thinking of seeing a professional analysis on the reason why bitcoin may not go beyond $7000 but to find out that you are saying bitcoin is less volatile. I think the current price of $6539 has proved your speculation off and the price increase over $1000 in just a day, about a week ago. The volatile is still there and many people are becoming aware of bitcoin daily. I think, $7000 may be hit and above before 15th of this months and we may hit $10,000 by the first quarter of next month.