I kinda feel on a weekly time frame, we are pumping a bit hard,
yeah when you look at short term it certainly looks like a rapid rise which you may even call a mini pump. but when you look at the longer period and also know about the history of what happened you can see this is nothing more than coming back to normal price.
and by history i mean recent history. when price was already at $1250+ and we were rising towards $1300 and the FUD about BU split started and then the panic selling came. that slowed things down. so considering $1250 was THE price, then after a couple of months we are at $1360 and that is no such a big rise in my opinion.
Are we catching up for the lost years, eg due for a 5 ~10K pump then fall back to 3K or something?
if we are to see such a big rise then we need a much faster rise than this!