At that why the price is continuing to stay stable and on modest upward trajectory
Good but is yet to early to name as stable bitcoin. Stable will be if will continue in this level of price for at least two-three months. Even more. Was stable before for ten month and this stability made possible the increase. If it will be otherwise the increase will not be noted at all. With its volatility (now I have desire to tell ex-volatility) the increase will be one of the common pump and dump seen before this year.
It is a surprise for me to see and read that is speaking and written not only for the prediction about the future of price in 27 December or at 34 February but even for the stability of bitcoin which is really a quality between the most important ones (if not the most important) for the moment and even for the future of it as a currency. Without this quality have no meaning to be named currency because no one will have trust on it as a money. Good thread and good to see it.