Is it possible to tell who has been pulling these two rallies?
Could it be people buying bitcoins somewhere else to move them to ITBit?
Or a reaction to the GBTC recovery? (BTW, what happened to that 50'000 share bid?)
Dear prof, IIRC some time ago you discovered the fractal nature of bitcoin price.
I suggest to take a look at the action of the 30th July 2014. The difference is that there was no drop and fast recovery like now before the pump.
Expect high volume and turbulence the next days, possibly up to ~260$, and permabulls raving over the action.