I think we'll see the price at $500-$550 before the end of the year. A lot traders are in a buying mood and that won't stop any time soon.
Nah not only traders, I guess. Also included those people who wants to get in on the action thinking that this will go big again just like what happened in 2013. FOMO and the halving sure is a good combination for price increase.
Yes, it is primarily sentiment driving the market. I hope lot of people don't get hurt.
The price has close to doubled in a month's time.