Reason: OkCoin and Huobi will halt their CNY trading services by the end of October, so most Chinese traders will be progressively moving their BTC to other exchanges such as Bitfinex, making the Chinese drama be over soon. This will help the BTC price grow steadily as I see no more bad news that could hurt the BTC in the coming weeks; SegWit2X support is falling through. For instance, F2Pool and Bitwala have backed out of the agreement.
BTC will continue its bull run despite some ups and downs.
As soon as the Chinese exchanges return to their normal operations, i.e. with a CNY government backed Tether (CNYT), Chinese traders will have the chance to withdraw in CNY again, and that could hurt the price briefly, but I reckon no government backed tether will be launched before mid-November.
I like this game
