I agree with the prediction that the price will drop more, but I don't see it going back up much before we get confirmation that Segwit will activate smoothly without a chainsplit. I think a lot depends on when btc1 code is ready. More will be known by the end of the weekend. As always, we'll have to wait and see :)
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Yes you are right. It will probably not jump start before Aug1. But the waves tell me that there might be no new low after this movement. So segwit could trigger the up move against common belief ;-)