A lot of controversy has swept across the bitcoin market since the China, Indonesia, and South Korean exchange bans.
It has been a while since bitcoin has been over $12k. China owns/owned most of the bitcoin market for mining and exchanges. Now that that's gone, how will bitcoin survive?
In November of 2017, Tom Lee, an economic strategist stated that "bitcoin could reach well over $100,000, it's valued like a small business today".
Many other economic strategists have given their opinion on cryptocurrencies and how they will be affected, and how they will affect the markets in time to come.
Bitcoin will reach over $12k in the following months because of the margin it's been trading at. It's lowest since November has been around $10k, and with room to rise, with newer countries picking it up, and bitcoin ATMs being spread across the U.S., it will reach above $12k.