This again happened right when it looked like bitcoin was about to roll over and really start to pull back.
What is causing this?
Demand?
Manipulation?
Not sure, but prices are not being allowed to pull back much at all as they get bought up before then really break the $7,500 area...
Most likely this is all part of the consolidation process before prices eventually break out to the upside.
The one caveat is that not a lot of new money has come in to the space as of yet.
Which means that this most recent rally has been a lot of shuffling of the deck chairs.
If that doesn't change it may be hard for prices to go that much higher.
