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Will the Bitcoin price peak above $10.000?

Bitcoin is in it's final parabolic phase, if you know basic hype cycles and how VC's pump and dump their assets you know the final phase is the fastest and can end at irrational heights. Several Venture Capitalists have called for a price of $10.000 per Bitcoin towards 2018, with an all time high of $7.900 it already came pretty close to fulfilling that.

With the CME announcing futures it added extra institutional fuel to the rally, what happens because of the hype a lot of traders and investors come looking to get rich so smarter traders will profit off these swings and combine this with media campaigns. They usually have the big connections to the relevant news outlets as they are big funds with a lot of capital available for these kind of things.

Currently the price bounced on a lot of volume around $5.500 and it is currently testing the upper band of the current higher timeframe consolidation range. Breaking the previous high is still very possible considering the momentum that's still building towards the CME launch, I expect price to top out before the end of December when the futures contracts expire, after that it might setup for the next move in a sideways market or go into a long time bear trend. Altcoins have a lot of opportunity right now considering the high prices Bitcoin has reached, people fear prices going down against Bitcoin but this becomes less relevant as Bitcoin closes in on it's irrational exuberance.

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