Should we then expect to see Bitcoin winning over the $7,000 wall or will it remain in the vicinity of just $5,000 while waiting for the coming November fork?
Realistically speaking, it would be a normal thing for the market to calm down a bit in the runup to the hard fork in November. Most people here don't seem to take this hard fork that seriously, but that's mainly because they don't have big money sitting in Bitcoin - if you've nothing to lose, there is no need to see the danger of anything. Every investor/trader will take this event extremely seriously, because there is a lot money to be made by timing your cashout action properly to buy back later. This market gets driven by greed and fear at the same time - one day things look bright where people are extremely bullish, while the other day this market looks like a warzone. An important event such as a hard fork is something that can trigger the market significantly into a short term downward spiral.
