With Altcoins gaining ground once again, it is becoming difficult for Bitcoin to break through. What are your thoughts on the same?
Altcoins are getting back to the show because the price right now which is experiencing a dip due to shifting of Bitcoin for free Bitcoin Gold, is perfect to buy and hodl some potential altcoins. Buying activity usually increases in such cases and so is happening. But along with that Bitcoin will grow too till hard fork if the hard fork you mentioned here is Bitcoin Gold because Segwit2x hardfork might be quite disruptive. Bitcoin should cross $5k by Oct 25 according to my assumptions. Else market is way too tough to predict.
I don't think it's diping that badly. Just look at the price and you'll see we are back at $4800... we are going to try again to get to the new ATH and im pretty sure the next attempt is the good one.
I would be worried if we went below $4400, but we are still clearly above the bullish trendline.
Now on the segwit2x hardfork, I expect a dip, because it's a clear attack on Bitcoin that Bitcoin must survive. Now on Gold, I think it will keep pumping through it until the segwit2x attack is launched.