The gap between $8,400 and $10,000 is not very large, but it reflects the confidence of the market. So $10,000 is a breakthrough for the market.
If we happen to reach that level, we won't be able to keep it up for a longer while. Current increase isn't what people think it is. An approved ETF means we still might have to wait 7 more months, which is a very likely scenario with how slow the SEC is when it comes to crypto. Them approving an ETF will make Bitcoin stronger and more valuable in the long term, which understandably isn't something authorities are willing to contribute to. Caution is the most important thing to focus on with how fragile the market is, an approval won't change anything in the short term....