I don't want to sound mercenary, but ultimately, if you're looking for investment potential, what difference does it make as far as what exactly is making the price move?  If it's a fundamental catalyst, if it's a technical (human trading behavior) cause, or if it's a small group of wealthy whales moving the price, if you own Bitcoin and something moves its price dramatically higher, whatever the mover is, you are benefitting from the ride.

If you currently believe in its potential, it cannot be too late.