Hello guys, so quickly I know everyone knows this by now, but around 1am or so, bitcoin made a strong move above the $10,000 psychological zone.
![IMG-20190622-WA0012.jpg](https://ipfs.busy.org/ipfs/QmQFtNrod6B3qj427DvejuiCnAn2dcmFuanm27awjyYCiy)

This is a super huge deal, considering that for the past 12 months plus, we had been lingering under ten thousand USD per bitcoin.

This move above the zone means only one thing; the bullish sentiment is on full swing and it would be madness to actually short bitcoin at this point.

That's the general sentiment that individuals have anyway. Over the last couple of hours, bitcoin rose astronomically and hit $11,000 before retracting and now sitting at around $10,500. 

While I'm bullish on bitcoin, I am bullish with caution. The volume of this move is very very weak when compared to the volume of bitcoin around the same level in 2017. 

At this stage, bitcoin still could swing down back below $10,000 and go as low as $8000. I remember a good trader once said "sell when everyone is greedy and get greedy when everyone is fearful".

Case in point, I have started seeing absurd predictions like crypto going to $100,000 within the next month. While it is possible in theory, it's just not going to work in practical.

For me, we need to go sideways for a couple of months, with increasing volume and awareness. There is no doubt that bitcoin will rise high, probably more than its previous ATH, but infrastructures must be in place first, the world must start to fomo first before that can occur.