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 Global liquidity is strong and looks to be getting stronger, but on the other hand, much of the planet is in, or may soon be in, recessionary conditions. Bitcoin hasn't REALLY seen a widespread recession yet, so we may see a cycle that doesn't quite look everything like previous cycles depending on how that pans out. 

The American election likely is throwing some distortions and noise into the mix as well.

Personally I'm enjoying the sale going on longer than expected, to the extent I can capitalize on it. Getting caught up in the day to day or minute to minute price movements is for the birds -- especially given that between fees and the lack of an options market it's a lot of stressing you can't REALLY capitalize on effectively anyway. I guess the futures crowd can get twitchy like that -- not the game I'm playing though.