This is a scary drop because bitcoin's value is now $5,600. A week has not passed since Segwit2x got cancelled but it already lost $2k in value. I am thinking that what if there are still some people unaware of what happened? Maybe this will still go below $4700-$5000.
rollercoaster indeed ,the low of 5600$ followed by a rise to 6300$ and all this after the peak of 7900$
crazy things,but this is only due to people selling to buy BCH and releasing their liquidity to trade since there is no fork in the upcoming future
i.e. no reason to keep your money tied up
one thing I know for sure- predicting bitcoin price is almost impossible,it has no clear connection to the events
and all of the explanations are made post factum,if you read the analytics a week before,every single one predicted a rise
but nobody predicted the subsequent fall to 5600 or so