We are now just 200 short of reaching 10000, it is going to be very interesting what happens when we reach that price, I'm very sure that there are a significant number of sell orders set at that price so it's possible we are not going to see that price for a long
There are plenty of possibilities for those orders to get cancelled when buying volume increase significantly. If you have noticed in the past, at major levels profit booking may happen but at the same time if bulls are in control then many traders may go for "delaying" their profit booking levels.
it will be a small signal that bitcoin is making a small comeback and that is important after the very difficult start that we got in this year.
'Comeback' sounds as too dramatic term rather than current rally as just part of bitcoin's fluctuations. We have seen many ups and downs like these always. So, this time also bitcoin is proving it one more time.
Well maybe comeback was a word that was too strong but you know what I mean, 10000 is a very strong psychological barrier and surpassing that price will be a small signal that will say to everyone that bitcoin is back, personally I do not think we're going to see prices as high as the ones we saw at the end of the previous year, probably that will happen until the end of this year or maybe until the next year.