Bitcoin has the potential to increase as much as 2017, but we don't have the right time when it will happen. No one will know how much price bitcoin can rise, but I predict that the price will increase more than $20k in the future. Although that increase is not healthy, as long as we can be ready for the coming, we will have a chance to make a lot of money. So far, bitcoin has reached $8500, and that is a good sign for bitcoin to break the higher price.
Yes. Ratio demand/supply hasn't changed from before the rally. This will only change after the halving. But a steady climb in the support levels has started, which means that every low will be higher than the one before. The reason why, is because the number of people doing HODL is increasing. Everyone wants to secure there positions as we approach May. So in a sense supply will have a steady drop during this next months (ratio demand/supply > 1, new price = Price x D/S). If there is a crazy rally it is just whales taking advantage of FOMO. Volatillity will be very present in this period.