Now that all exchanges and wallets have stopped the bitcoin purchases, it is fair to assume that the prices would dip or at best, remain stable. But it has already shot up to 2800. WHile there may be some people converting other cryptos to bitcoins, most people would be doing the reverse trade to be safe during the implementation phase. Lot more people are moving the bitcoins out of the exchange / cloud wallets to hardware wallets etc..
All of the above is just reducing the net demand of bitcoins. the prices should be dropping in that case. Any comments, anyone?