BTC Fibonacci setup for post fork correction
Technical: BTC broke the channel top, the next clear limit is the 2.6 from the 2.9k bottom, at 8.4k. However, the pace of the increase now is too rapid to align with a 8.4k top mid november. Profit taking will cause further correction. A sharp drop back to the lower is likely, followed by a 10 day climb to the 8.4k pre-fork top.
Timing of rebound was close but magnitude was off, so much FOMO
I agree with you on your analysis about the inflow of new capital. However 90 days is a very long time for Bitcoin, at the start of August we were trading at $3k and we have since doubled market cap and risen to more than double the price. So doubling of market cap and price in the next 90 days is a completely fair assessment in my opinion, assuming we keep up the rate of new users.
The road that will not be as smooth as most expect, and I think just as the highs are much higher than most people have been able to guess, the lows have become much lower as well. Just 2 days ago we were able to shave off 8% in 40 minutes, here in Japan we fell 130,000JPY(almost $1.2k USD) in the same 40 minutes. There weren't even any fundamentals to explain that flash crash.
I expect we will see a lot of fear mongering in the coming days by leading crypto media outlets and traders in order to push the price down as far as they reasonable can, so that they can re-accumalate just before the final run up to the high on fork day with their margin longs.