I like how one single pump can make the people here go nuts like they won the jackpot. 
It's not that much of an achievement honestly. It will take a few days to know what's going on, and how long the market is willing to support these levels. Don't forget that while the price just peaked, there have been numerous 1000BTC dumps in the last weeks taking the price down again. It's not clear yet whether or not this is whale play, or a large party legit buying coins spontaneously.
This however is a reality check for people doubting whether or not to enter the market. If they weren't exactly sure yet around $6800 levels, they now likely regret not having bought when they had the chance. People waste too much time on waiting for the price to go down because that allows them to enter the market a few percent cheaper, which isn't worth it at all. At the end of the day, you only know what you'll be missing once it's not there anymore.
It's not that much of an achievement honestly. It will take a few days to know what's going on, and how long the market is willing to support these levels. Don't forget that while the price just peaked, there have been numerous 1000BTC dumps in the last weeks taking the price down again. It's not clear yet whether or not this is whale play, or a large party legit buying coins spontaneously.
This however is a reality check for people doubting whether or not to enter the market. If they weren't exactly sure yet around $6800 levels, they now likely regret not having bought when they had the chance. People waste too much time on waiting for the price to go down because that allows them to enter the market a few percent cheaper, which isn't worth it at all. At the end of the day, you only know what you'll be missing once it's not there anymore.
Well I think the takeaway is that the momentum is shifting in the market. You look at the last couple of weeks and bitcoin has plateaued. It found the market bottom. It may still take a little bit for a true upswing to start forming, but at the very least I'd say that $1100 pump was the warning shot telling us all that the market is ready to start moving off of this 6000-7000 bottom.