Two weeks ago btc was around 640$, yesterday I checked and it was 705$ and today it's 720$.. It jumped up for 80$ in period of just a couple of weeks. What are your thoughts? Will it continue to rise like this, at what point will it stop going up and whats the cause of the sudden price jump
One of the reasons, as stated before, is supply and demand. There is an increased interest from users, and the fact that we have less coins entering the market, since the last halving, is helping the price.
Another possible factor is that there are rumors that segwit can be activated within the next few weeks.