indeed this situations is really good and all major exchanges has already reach it but i was hoping more and next target price would be $1200 i wish it happening in the near future but the main things is the price stable at $1000 or above
Though every exchange has come up with a price above $1100 right now no one is there to predict the precise reason behind the growth. This time China's influence is not felt much but analysts have mentioned it as an gradual growth. As the price too is stabilizing and moving forward shows it an real one.
what are you talking about?
price is always rising because of increasing demand. things like ETF (even with it not approved) and lots of other news such as the Megaupload one are putting bitcoin on the media and giving it so much attention. and this will bring lots of new investors and price always goes up because of it.
besides, Chinese are still buying bitcoin, they are just doing it off the exchanges you know names of.