Well the price of bitcoins is one of the things which make no sense to me. Most of the time, whatever I expect, the exact opposite happens.
When the bitcoin cash hard fork happened, the price almost went down in the mid of July but as the date of Aug 1 became nearer everyone bought back in. So we can't say that BCH made the price go anywhere before the fork.
It was only after the fork that we saw it move up from the range of $2700 to $4300 !
If I try to somehow understand or imply the same scenario, it doesn't work. Price is going up before the fork.
PLUS why are more people buying ? The fork is no longer the motive. It's over. Will it continue to go up
My expectations (which are usually wrong
) are that it might crash in late November.
Bitcoin is a kind of bipolar coin, when everything is fine then things are great but when things are bad then everything is in hell, that is why while I try to predict what it is going to happen I do not put any money behind it since I have realized that I would have lost a lot of money if I followed my intuition so I just hold and accept the ups and downs of the market.