Long term I think we will be fine. Shorter term, I can see prices falling.
Investors are now thinking about presents for families and Christmas time. Nobody looks at the charts .. except maybe the whales who want to lower the price even more and buy even cheaper. If the price does not fall until the end of this year, it will be a good sign for the upcoming price increases next year. December we just have to wait.
Even though everyone is buying their families gifts this time of year, we still usually don't see that impact until the credit card bills start rolling in in January. I figure we'll remain pretty stable until sometime mid January whenever people figure out that they have over spent for the holidays. I figure we'll have another run up to $8k between now and then so we will probably just end up right back where we are in the $7k-$6500 range.
Nobody will invest now because they are busy with family meetings and Christmas preparations. If people really understand in January how much they have spent, then the Bitcoin price will fall even more. We will be able to think about the bull run in a few months.