From my analysis over the last 2 months, it appears that smart money (Crypto Insiders) are/will be buying into alt coins shortly before the fork. This is pretty much standard practice. Note - This didn't really happen with the Bitcoin Gold
fork, but I believe that's because Segwit2x was so closely following BTG
, and because BTG
was kind of a joke that was really only spearheaded by one developer with little to no support. The uptick in Alt coins with last until near or after the Segwit2x fork. While Smart money is leaving BTC
, dumb money (People New to Crypto) will buy into BTC
thinking that they might be at an decent entry point. My thought is that this will occur within the range of $6,500 to 7,700. Anything near that is a good starting point for exiting positions over the short term. Anything below $6,000 is a good buying opportunity to dollar cost average back into positions for more long term holdings.