As the price of BTC is increasing on an upward trend and falls only by few bucks, short-term Alternative Coin traders are crying blood. I believe it is due to the upcoming fork. How many more forks are we expecting in the future? It seems that through forks they are pumping the price of btc and once the price becomes stagnant they will start another fork.
Yeah, i think the sudden overwhelming demand of bitcoin occured due to upcoming possiblity of bitcoin gold fork.
People are engaged in pursuit of more and more btc, hence traders predict its position will be at peak.
I am in hope of its continueous increase after fork so that we can take sufficient profits from it.