I think the August fork has an influence on the current price of btc. Before the fork, the price was somehow OK and now I can't even buy a considerable amount with my $10.
I guess people are dumping their BCC for BTC which should be the cause of the rise in price. I am planning to buy some bitcoins now but I'm thinking the price will go down a little when people start sell their BCC profits( l mean profit they've earned after dumping their BCC). What do you think, am I wrong or right?
Because the price increased so fast, I would assume that we had some serious investments from some mainstream investors, or maybe even governments or banks, or just strong financial entities in general. I would assume that they know more than we do - maybe miners aren't going to keep their word in November about 2x fork, so there will be no reason to panic. Maybe we'll have more bullish news soon - Lightning Network, more legalization by major governments, etc. Remember, it's "buy the rumors, sell the news", so we can only guess what is the reason for current bull run.
Those rumors will never be proved by anyone. There is too much speculation about bitcoin price saying that very famous businessman invested a huge sum of money in bitcoin. I don't trust these rumors. And I also cannot say the market will be bullish after all. It went up enough. It cannot reach $10,000 this year obviously.