The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!
Agreed. I think that the main thing is to get to the forking point without having much volatility in bitcoin's price. That way we have a launching pad for another round of pumping. If we have too much pump or too much dump either of these options will not benefit the price.
Stability in the long term is what bitcoin should aim for because it is a store of value. Long term stability only happens if short term the currency is stable as well. So i'm very happy to see this stable price, even though there is no profits.
Slow gains cause stabilty is not the real fact. This has been experienced true when the price was around $500. Now things have changed a lot from the past. Even the bigger price fluctuations gives a stabilty to resist within two margins and prepare for the next price jump.
This could happen, yeah. I think the price will either correct or go for the next moon from here.