I'm not a day trader but I follow the this thread (ie. the best thread to keep up to date in bitcoin and recent events) but as my spare time is limited I struggle to follow every page.

I'd just like to know what peoples opinions are on why the price is currently going up. My feeling is people buying in anticipation on what this weekends events will produce?

I'd start a separate thread but I've been lurking around here for a few years now and have learned that this thread is the best source of opinions (in my opinion  ).

I can see these walls have been going up but people still need to have the confidence to buy into them. Which I presume is down to the anticipation that this weekend has built up to. It seems to me a lot have been sitting on the fence waiting to see what happens this weekend and now people are trying to get there foot in the door before the next guy.

For better or worse, and despite the fact that some people believe that bitcoin is impervious to government intervention, I believe that it is inevitable. Whether that ends up been good or bad is yet to be seen but the sooner it is dealt with the better.

I'm liking chart Buddy's new angle. Much better.