According to Boris Schlossberg, the managing director of FX Strategy at BK Asset Management, the fact that bitcoin had broken above the US$7,000 level was a possible indication that there was still more upside potential.
the upside potential never technically went away, bitcoin always had that upside potential and will have it until mass adoption occurs and finishes.
but expecting a big rise just because a small one occurred does not sound logical to me. as many are expecting these days we may be on a slow rising trend instead of the wild big jumps as last year.