Bitcoin holders will determine whether the price will rise or not soon as prices are determined by supply and demand. I think those investors have kept their Bitcoin till now ( I mean August 1 event) will continue to hold their Bitcoins. Those who had panicked and had sold their Bitcoins will buy again. With this high demand and low supply, the price increase is inevitable.
Interesting. You think those who panicked and sold will be willing to buy back in at say 3500+? If what you are saying is true, I wonder if the price hike will prevent new money from entering into btc.