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.
Bitcoin price is going to $66xx today, So still everyone doubted that it can reach $7000? I think the OP didn't understand that bitcoin is just like in a stocks wherein the price is stable. This is a speculative market, and it that scenario, there's no fair price because investors will continue to pour in their cash as long as there as good news that is coming its way.
Like Segwit2x, people are speculating that the price will pick up at we get closer to the actual implementation. So it may reach $7000 and even higher. And the good part is that we still have 2 months till the end of 2017. So $7000 is likely to be hit this year alone.