And now we are back to ≈$300 and peering into the abyss. What could result in bitcoin not plummeting every time it climbs a bit? I understand speculators manipulate the market quite fiercely, but a pump without some new influence on the fundamentals would have to be a bubble, even if it´s from $10 to $100. What would make anyone here honestly believe we where heading up?
People have a very limited 'memory'. If we head up for a week, many people will start buying, effectively believing we'll go up forever.
As a trader you are not interested in the price, only in the price differences. No asset is too costly to buy, nor too cheap to sell.