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!
A stable period near a big rise is a good sign of consolidation, if it stays at this range and doesn't tread downward for a fairly decent period of time this can be considered a new baseline area. Should be interesting though
I think this is the right interpretation of what happened, there was a big pump and after that we lost some of the market cap on altcoins, but at the end the prices have been kept very high so it is safe to assume this is the new normal and these prices are here to stay for some time.
The price of bitcoin these days are growing gradually that i think segwit can be give a good result after the august 1 because if segwit can give a bad result the price are already falling down the price but look at the market place while we are nearly to segwit activation the price of bitcoin is slowly gaining and increased that i think more people are trusting the new feature added with bitcoin. Well this is a good sign i think that we will see a big pump these coming days.