I'm not saying that a crash is coming. I am saying that it's pumped up a bit right now, and will step back a dollar or two, yet apparently this is an unthinkable blasphemy according to the totally-not-exuberant people.
Nah, it's quite possible that it will step back one or two dollars. But predicting when and how will be damned near impossible unless you're the one holding the 20k BTC or so needed to dump. And if the last three or four attempts at dumping have been anything to go by, it will hurt you to do it.
It's not irrational to say that there is a lot of new money coming into Bitcoin (whether one person, a small group or a large one, nobody knows) and that it's pushing up the price. Is the final aim to dump all of that BTC back? Perhaps, but at these levels of money it is much more likely that the final aim is to make BTC a viable force to be reckoned with. For that to happen, each BTC will have to be worth a lot more than 36 USD.
Might it step back? Sure. I for one am not going to risk mis-timing it.
Prophetic.
