I have a few reasons why BTC can make a dip soon:
- Last time there was a crossover (in August), btc made a slightly higher all time high before going down. Take a look at the similarities between that cross and the cross in October, and the similarities between the corresponding BTC values. After that ATH btc went down and tested 3000USD.
- Right before the cross in August. the went overbought. Same goes for October.
- BTC sits in a . This doesn't mean it has to break downwards before the fork (if it breaks downwards at all), but it is still a reasonable possibility. Also, it is bouncing against it's resistance, so if BTC is not breaking downwards out of the (before the fork), it is possible it goes down to the bottom of the . There is support there from the high on 13th of October as well (around 5940).
I do think BTC will go up before SegWit2X, but I'm cautious for at least the next few days.
I also think BTC will test the just below 5000usd eventually though.