With my last estimation, I thought that bitcoin had the potential to reach $10000 before the year ends but with this week alone it almost broke into the $12000 and receded back to $9000 and now the current price is around the $11000 range. I believe that it has the ability to go past $12000 again.
I'm not surprised by the prices, but I expect another price decline before going that points. I mean this may be to get down to $9.000 or so. This will make the bitcoin relax to start another pump.