But the next mental barrier is $8500, we have a good attempt just a couple of days ago when bitcoin went as high as $8100-$8200 then went on a another correction around $7900-$8000 but it seems we have bounce back again. I hope that this time we can go and break $8500 and see if is going to be sustainable to $9K-$10K levels at the end of the month.
$8500 isn't a mental barrier at all, not sure why people keep repeating this. It's basically what the media has been echoing;
this week is Bitcoin's make or break week!It's just a poor form of journalism and analysis not leading to anything. Whether it's next month or the month after that, or the months after that, eventually the price will keep going up anyway, so there isn't really anything to expect right now. If we don't make it past the $9000 level, then we don't, no big deal. People keep hoping for a miraculous increase leading to +$10,000 levels, but what if the market isn't ready for it? While people consider current levels to be low, they completely discard the fact that the current price is $7000 higher than last year's price. People focus too much on the peak last year, which only makes them feel bad about current market, while we are doing better than ever before.