I would actually prefer if the price stabilized right around here and consolidated for a couple of weeks before moving on. To much of a hype right now, and the base is way down lower, around 185-200. I am afraid that a failed attempt to break through ATH would be very bad right now.
Yes, but how likely is that?
The pumping will start in earnest when the all time high is breached, then the news cycle still has to pick up on it. Then there is the delay before folks take any action.
When they see that huge spike in april dwarfed by current activity, there is going to be a whole new inflow. Maybe hit an M1 of US$4B or so.
The operative question for traders is whether to sell into it, when, or wait for the bounce after the fall, or just sit tight for the next wave.
There are more exchanges now, and less centralization, better arbitraging tools, and more liquidity.
All of this helps to smooth the market, but we are still going to have these surges.
Poll
