The move up this week looked like a "classic" pump and dump by the manipulators controlling teh daily price movements in bitcoin. The news of segwit gaining popularity over a hard fork was just the catalyst the money runners needed to get new buyers interested after a previous week of high volume selling and low volume buying. The live bitcoin ticker tells the tale pretty clearly. Look at the massive selling volume on the 3 day bitcoin ticker at the highs. Even the current rally back up through $2800 is being sold.
My "theory" is that the bitcoin price will collapse along with the stock market bubble that is grounded in Silly Con Valley, Cali...and that collapse might begin as early as this week. I will continue to outline ways to benefit at my blog. Stop by periodically and let me know how I am doing. :-)
Many experts have been saying over and over be prepared for the next economic collapse and what better way than to invest in cryptos and precious metals?
You forgot to add >>> "...of course since many of the billionaires who gained their wealth via the stock market bubble are now beginning to put their "free" money into the crypto space, one must be cautious that if the bubble in the Silly Con Valley, Cali stocks implodes...so might the money plowing into cryptocurrencies."