It's too late to jump in the bitcoin market now. The run is nearly over and everyone and their dog are now jumping in - which is a pretty good sign that a drop in price is imminent.
The suckers are lining up and the people with all the amassed bitcoin will likely sell it off to the suckers at the top of the market.
Then the price will fall out of the bottom as demand is saturated.
Economics has everything to do with value and what people are willing to pay, and especially in the case of currency trading, which prices the orders and money sits at and NOTHING ELSE. Sure, news may influence people's positions, but at the end of the day - money talks and BS walks.
You never try to chase after a quickly falling or rising price by jumping in the market going in the same direction.
Where people see a dropping market, you have to be thinking as a buyer.
You buy at the low prices and sell at the high prices, and never EVER the other way around.
As the bitcoin price goes up, those holding bitcoins will be thinking of selling and taking profits.