I think it will be the another ship to the moon, please prepare your ticket and suit, just waiting for the Segwit comes. 
yeah, this probably making a panic sell which will cause thge price to dump then it will also be a good time to buy.
Obviously this coming August 1, there are only 2 possible scenarios that will happen: whether the price of bitcoins will increase or decrease. That is why I speculate that since people are expecting something to happen on August 1, there is the possibility of them selling their bitcoins at a lower price. Because again of their nervousness, that is the best time to invest and buy bitcoins since the price will decrease from then. After that, just wait for another month or two then the price of bitcoins will be around ~$3000 or more.