Im old at bitcoin, what im saying is that the price of bitcoin has raised again without any new to back up the jump, we are facing huge delay at confirmations, because looks like we have to raise the fees, and at this stage we can back to paypal as someone said already, and paypal will process the transaction instant, the big advantages of bitcoin are over in the general.
Not every price increase/decrease has to be backed by certain news.
Right now people focus on the ETF that might get approved next month. But even without the potential ETF approval the sentiment was great already. You can't just discard the sentiment and say that this increase isn't backed by something. Just look at how well the price kept its position above the $1000 level. It means that people are confident
As to me, it looks more like a (bull) trap
Just like with other such events (e.g. IPOs, dividends, company takeovers and similar things), there are folks who have the first hand info (these are called insiders), and they might already be informed about the decision that the SEC is only going to announce. If the decision is to decline the establishment of the Bitcoin ETF (which is likely the case), it would be profitable to feed the market with fake news and rumors to boost up buying frenzy and then heavily short Bitcoin just on the eve of the announcement