I'm seeing a lot of people that said Bitcoin would reach $50,000 or higher this year retract those statements. Now it's seeming like even $10,000 would be a pretty good goal to reach for what with a fair number of people still calling for 2 and $3,000.
If we hit 20,000 I will be really happy. Especially if the altcoins follow suit. I hope and wonder if some of the alt coins that have gone to Absolute crap will try to recover some value.
That may be exactly what we need to see. Once everyone stops being so bullish and starts getting bearish, that is likely precisely when the market starts going up. If everyone is on the same side of trade, there is no one left to push it in that direction. :)