yaaay it took bitcoin 72 freaking hours to rise 11% we should celebrate the biggest rise in history. [sarcasm off]
The increase is due to several factors, had bitcoin cash and people bought a lot to profit from that event,
it can't be bitcoin cash, people sold it directly to bitcoin if they wanted bitcoin and doing that doesn't increase price of bitcoin nor decrease it! it just increases how much bitcoin you own
then had the china that closed the exchange and the price fell, then bitcoin recovered and without china to intimidate people if feel safer and with the bitcoin gold event, the price increase, we now have segwit2x which can generate more profits for people who have bitcoin, these hard forks has become a big business and also has
CME Group Announces Launch of Bitcoin FuturesNow after segwit2x we will see what the price will be, so far the altcoins are in red, there is a bloodbath
the rest i agree. i personally think it is a combination of CME news + SegWit2x possibly profit!
and it is also the fact that the bigger the price, the less resistance there is. for example back when price was $900-1000 nobody believed we can see anything above ATH, everyone thought it is $1200 and then back down to $200 like 2013. they even kept calling it same as MTGOX! but as it goes into uncharted waters, there is not much to stop it.