I believe the broader picture is that it is on the cusp of a historical event with the upcoming futures from CME. The recent ATH of +11k could be seen as a bitcoin grab from institutional traders and Hodlr's who are longterm bullish on BTC. Recently we have seen the start of a correct back to 9000 but I expect we will continue to see higher gains as more institutions turn to bitcoin as it becomes more clear what its future will be and the impact of CME activity in December.