There will be a huge selling wall above 10k, or should it rather be called a ceiling? As I explained before, the multitude of people bought into what seemed a correction (or even a bottom) at 12k when the price had first gone to that mark from its December highs. Back then it looked like a good entry point. As always, the majority was proven wrong again. Now all these folks will be happy to sell at their break-even price which is somewhere around 12k. Obviously, there are people who bought at the bottom in February, and to them, this price will be a good selling point as well.

In other words, unless there is a really strong surge in demand, the 12k mark will be hard to conquer. But if the market sentiment remains bullish in the coming months, we will get over it eventually (even if it takes a few rise-and-fall cycles).