The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!
Everyone will be happy if things turn out the way we all wanted but unfortunately the price of bitcoin is not dependent on the feelings of individuals rather than the forces and factors behind such swings of prices. All we should hope for is that these determining factors should continue to work in the favor of bitcoin so that we can all be happy even beyond August and summer.
Markets are not rational, markets are irrational so the feelings are important, if segwit is not approved you can be sure the price is going to get a lot lower since people will lose confidence on segwit ever being activated and the solution we have been waiting for so long and that has been on the minds of bitcoin users for years could not happen will without a doubt lower the price of bitcoin.