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.
The observation is quite valid because that is the current trend at this time of what we are facing but simply relying on that as a the main reason for increase in price as wrong although the fork has gone a long way in influencing but before these issues if forks, price has increasing gradually and I am hopeful that after this, it will also show a gradual increase.
You always need to ask yourself the question: "where is the money coming from?". In this case à lot of money is going from altcoins to bitcoin because people want to take advantage of the fork. That's why we saw a power shift to bitcoin the last week. Since the bitcoin gold fork has taken place things are evening out once again.