Bitcoin has passed the old price record of $3020~, and it's currently worth $3120 (Preev.com)
How much do you think will it increase before it starts dumping again?
Honestly I can't see any sort of dumping happening for at least another 3 months or so. The price is actually completely normal in my opinion considering that the 1st August was basically rendered a non-event, and bitcoin cash is established as an altcoin instead of a fork.
But if the price goes to like over $5000 in the next 2 weeks then it's a bubble. No doubt about it. Bubbles are going to burst, sooner or later, but i don't think that we are currently in a middle of one. There is a lot of healthy trading activity going on.
I think that it's a pretty steep and sudden change that won't last too long, probably going to correct itself at around $2800-$3000 soon and stay there for a while. By the end of the year there might be another pump like this one.
I don't think so. usually when bitcoin breaks an ATH it will go over that high by another $200 or so, that's usually how it goes.