for me i can see that bitcoin have to go much lower soon maybe around $900 range in the next days or hours and much lower for the next weeks,months for many reasons
block size reached fud , segwit fork fud ,USAF fud , bitcoin unlimited fud , china withdrawal suspend fud , bitfinex and wells Fargo frozen funds fud , all those fear, uncertainty, and doubt have to be cleared before we see a real rise in bitcoin price , yes alt coins take the scene and this is normal when you have all this fud for bitcoin in real many of my friends moves most of their bitcoins to ETH , XRP and some other alt coins because all that fuds bitcoin have which makes some people even think that bitcoin can be a history and the alt coins will take his place in the next years .
Seems unlikely. These things have sort of balanced out as the panic of something actually happening soon has started to fade. It looks like the lack of a consensus is actually lowering the amount of uncertainty, which is definitely helpful to the market. People shouldn't be moving their funds to ETH or something, they should be balancing their funds between cryptocurrencies and using them where they can. In reality many coins aren't being used by any merchants and are only used as a means for people to gain more money - Bitcoin also has few real uses currently but its position and the reason that it exists will be as a master currency for major transactions and a store of value. This certainty will keep the price up.
This drop is just a correction. It was clearly pumped, possibly due to the possibility of Litecoin SegWit which is now starting to fade as it's getting blocked - the pump is just fading away to a more stable or normal Bitcoin price.
I would say that the price is going to go sideways for a little while. Breakouts seem pretty unlikely and Bitcoin is reaching temporary stability.
