I think the Chinese are making the bitcoin price. The price rose a lot today and it started in China again.
i think the FOMO is making the price. it is currently at $631. back on May 26 - just a few days ago - it was $450 ie up 40% . When it goes up at that sort of rate it is because the whales have got the ball rolling and now everyone else feels the need to rush in. the willy bot got the ball rolling back in the mt gox days but it was the FOMO that took it to $1000.
Yeah, the halving event hype make people think that they can profit if they will do a huge amount of panic buy before event. But this might just be a bubble too because many people is thinking of selling what they bought after halving, so it will dump the coin's value.