Good analysis. Given that things are moving so fast our timeframes need to be shorter when looking forward. It is somewhat like a plane taking off - it has a limited runway length and the available length gets shorter, faster as it picks up speed. Pilot options also decrease as they get closer to the end of the runway.

Looking forward a month or so, we have impetus from:

1. Chicago Mercantile Exchange (CME) with Bitcoin Futures contracts that will open up Bitcoin to more Institutional money. There is very little Institutional money in the game at the moment.
2. The recent Bitcoin Diamond split.
3. The forthcoming Lightning Bitcoin (LBTC) split around 23 Dec (at Block 499,999)
4. FOMO buyers - maybe even some Christmas buyers looking for a different gift

There are negatives as well and people entering at this stage need to be willing and able to respond quickly if things turn pear shaped.

At this point of time - although there is a lot of news about Bitcoin, etc this is the non-newsy period of the year for the media so they search for anything. Also, unlike some of the stock market bubbles of the past, I do not hear a lot of chit chat in coffee shops, etc which indicate people are actually buying - more that they are trying to understand Bitcoin, etc. When it flips over and nearly every person you bump into says they have some Bitcoin (even if it is BTC 0.1 or less) then it is time to worry. National Governments are also the other problem.