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RE: BITCOIN (BTC) Update: Short Term Top Target around $5,150 +/- $100
It's very interesting that the technical analysis seems to show how BTC has been building up towards the BTG fork. I think the announcement of Coinbase that BTC holder will get one BTG for each BTC provoked that overthrow. Now, it is my opinion that BTG is going to be a huge disappointment as people is expecting to get a BCH like effect, which I don't think will happen. And they are paying BTC too high. So I think you are absolutely right @haejin: whatever the reasons are, TA shows what happens.
Elliott Waves states that a news or an event shall arrive to justify the forecast.