With over $80b in market cap, it appears the Whales are hesitant to take profits just yet as the bullish chart of BTC remains steady for over 10 hours now.
Coupled with this, is the GoldMan Sachs rumor and also,
the fact that the FOMO for the Oct 25 BTG Hard Fork is an extremely strong one. I have seen it. Hordes of people scrambling to jump in, daily. Entire new peoples are selling their properties to join. No one wants to miss out. The HF of Aug 1 has showed them road.
And today is just 12; 13 more days to go.
Every one is fixated on this very HF not even the upcoming dreaded 2X one on November 15.
TWO SCENARIOS:
The whales may wait for BTC to touch around 5500 then take profits and BTC will plunge to a floor.
OR
The whales may let it ride and see if it will broach or near $6k in the next couple of days. Before taking profits.
One thing is certain: there must be take profits before 25. It will dip to a floor and rise back up quickly again.
For Hodlers, they are not bothered. For day traders they know the usual drill of scalping.
What a time to be alive!