It's an historic day as Bitcoin sets a new all time high, and adds a whole new digit to it's value!

So - now what?

Predicting what the cryptocurrency market will do is an impossible task, but let's try to make an educated guess.

First let me say, i'm a firm believer that Bitcoin hasn't reached it's peak yet, so don't take this as FUD - but a small dip may be coming.

It's important to understand the difference between a correction and a crash, what I think we will see is only a correction.

So first is just what comes with hitting a milestone like 10,000. It's a psychological reaction to a round number. It's seen in the stock market as well - people sell at 100, 1000, 10,000 marks just because it "feels like a good number" to sell at.

Secondly, it's important to understand the demographics that brought Bitcoin here - millions of small investors. Many of which have been pouring every dollar left from their paychecks into cryptocurrency.

It might sound crazy at first, but don't underestimate the power of Christmas on the market! 

It's important to understand many young, smaller investors have used cryptocurrency in place of a savings account. So with that fact in mind, it wouldn't surprise me to see lots making withdraws to fund their holiday shopping and travel. If this holds true for enough people, it could have an impact.

So here's a scenario I see possible:  slight dip, maybe to the high $8000's, followed by a strong rally of people "buying the dip" to bring it back to $10,000+.

Once again - it's impossible to predict the future, just an educated guess!  But I am saying, regardless if this dip happens or not - I don't think Bitcoin's rise is over! So you can try to time things right to sell now and buy back in at a lower price - or just play it safe and hold!

Bitcoin was just $8826 this time yesterday, now (at time of publishing) it's sitting at $9,587!

The rise of Bitcoin paticularly throughout 2017 has made it hard for it's disbelivers to stick to their guns.

Famously, JP Morgan Case's CEO Jamie Dimon called those who buy Bitcoin "stupid".  But now he's silent as JP Morgan's finance chief Marianne Lake came out this week to say their company is now "open minded" when it comes to cryptocurrencies.

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Ethereum hit an all time high today breaking the $480 mark shortly before publication time of this article.

So - what made this happen? It's a combination of 3 reasons...

1.  Mike Novogratz's prediction of Ethereum hitting "close to $500" before years end.  Mike is a Wall Street guy, and one who did quite well there.  Because of this, some big money investors really listen when he speaks.  When he made this prediction Ethereum was around $380, so many listening thought they still had time to get in, and did.

2. Ethereum is getting a major upgrade soon the CASPER upgrade hits the Ethereum network.  There's no way to really summarize all that this means, but it's a big deal. Another writer from our organization spoke about it yesterday here.

3. South Korea - the current Ethereum hype hit South Korea in a big way, trading volume from that nation's exchanges broke $2 Billion in the last 24hrs!

Many are predicting this rally to be the one to break the $500 mark. We'll be watching!

Bitcoin broke it's all time high today, previously $7,769 by hitting $7,983 - barely missing the $8000 mark.

There's still time though.

CoinMarketCap is showing over $10 billion in trading volume in just the past 24 hours!

The reasons seem to be the market shrugging off the threat of  'Bitcoin Cash' gaining any dominance over the original Bitcoin, mixed with news that CME Group announced their Bitcoin futures trading enters a "test phase" this Monday.