In response to Kiklo (was too much to quote), the current price hike in btc is a legitimate response to the halving. And won't price out. I would think it would be gaining market share, ESP since the value from eth is trickling back into btc.
Time will tell, the BTC from the Australian auction will be available for dumping either next week or later.
If BTC can hold its over $750 price for 30 days, then it may be its new level, but personally I sincerely doubt it.
Problem is we have no way of knowing where the eth money will flow, the majority may go to fiat , which helps no crypto.