BTC almost break 10k now what will be next ?
Yes it almost did. $9,900+ was really something. I was so excited that i actually nailed myself in front of my notebook. But then it's nature took it's course. Volatility is in fact a major problem in the cryptocurrency markets that we have absolutely no capability to stop or redirect. Sooner or later bitcoins price will eventually cross that barrier line.
You need to stay calm and patient seriously because it is inevitable here in the crypto market for coin to maintain same position for months even if it is the leader of the crypto coins i.e. bitcoin. Volatility is not that bad and it is good for the newcomers because it allows them to enter the market at cheap rates which would not be possible for them otherwise. So enjoy all things.
It is always observed that the start of year is somehow problematic for bitcoin but later on, by the mid and end of the year, things turn in the favor of bitcoiners. Thought at the moment, prices are increasing at the speed of turtle but as the end of the year will approach, it will increase with the speed of tiger. Old bitcoiners are so calm because they are well aware of this fact and so should be new ones.
Mt. Gox will short another set of bitcoin to pay off its creditors. An estimated 8,000 coins are still up for selling, so this could have a huge weight on price. Looks like price is holding very good around 9000 dollars despite all this things. We need to wait more before bull run, many people expect fast recovery on past all times high, but that fast will not. We should be patient, if you hold doe long time be quite and hold, if you are day trader sell now if you didn't sell when price was close to 9000 dollars few days ago and wait for new dip. For day traders there are a lot of work, price going up and down like crazy and that is good for us, for some higher rise we need to wait at least until the end of summer, after that time we can expect some bull run.
They should stop dumping it or else the one we saw is the stability or the dumping since those Mt.Gox dumping games can affect the mindsets of majority of whales and we might not see those bull run thing those thing will not be stop nor be done completely by them. And let's hope for the best for this summer end since as you said we might gonna see a major cameback for the price on each bits.