Miners like bigger blocks. Users get served better with faster and cheaper blocks which also result in more merchant adoption. BTC hashpower has fallen over 60% in 2 days. All of that went to BCH. Think about the effects of that.
https://fork.lol/pow/hashrate
BCH is also the longest chain BTW.
This has the pump&dump speculators involved. But there are also tons of long term sustainability and fundamentals involved too.
RE: Bitcoin (BTC) Mid-Day Update: Precisiont HIT of Downside Elliott Wave Targets!! THIS IS THE POWER OF TECHNICAL ANALYSIS!!!