The bitcoin price is not going to overpass 320 USD in the end of this year,
the temporary increase value is most probably due to some big whale enter the market
now due to low confidence in the banking system now,
when FED announced the increase of interest rate,
it means that economy is returning to a positive growth state.
more probably the big whale will return their temporay cash into banking system.
I will advise people not to wait the price to increase anymore, it will be steady(around 290-320) until end of 11.
I also think same as you, news about this decrease of interest rate thing was all over media 1-2 days ago. I have also sold almost half of coin and hoping this rise is only temporary one and price will again go down to 240-250$ mark where i can buy all my sold coin back with some bonus coins.
The point is that how much you have gain in this rising of bitcoin. By using this profit, you generate other profit if possible.
Whether this increase is caused by people or nature, the price can't predicted so soon, as the economy of us and europe is still in a steady state without sign of strong positive growth. without the QE in europe, we can see a slow steady grow, while china, is keeping their currency down.
So, more investors are going to keep their currency in high value things, bitcoin is one of the alternate choice. So, it is hardly to see the price go down so soon.
