There is little to no selling pressure for Bitcoin because of the massive amount of shorts being put on it. What that means is that selling pressure for Bitcoin has dried up. People are anticipating a sell off, or its whales manipulating the market to sell for bearish sentiment. Either way, there will be no selloff.
Segwit has been a long awaited moment. It is in this moment that the BTC Core devs prove their commitment to BTC's accommodation to growth and spread. We are on the precipice of greater adoption among the population.
The only thing standing in the way of the crowning of BTC is this Bitcoin Cash drama. But Bitcoin Cash is already dead on arrival. Its been proven to be just another altcoin. It's only trading for 10% of Bitcoin's price, if that.
What this means is that the villain, pretender-king Bitcoin Cash is doomed. After Segwit is initiated, people will NOT be moving back to Alts at a fast rate, because Alts have been in a bearish lull, and Segwit is a defining moment for BTC. BTC will have proven to withstand both the infighting drama of Bitcoin Cash, the drama with the SEC, and the drama with BTC-E.
What does this mean?
This will push BTC to a new All time high. Soon, our Lord Bitcoin will vanquish Bitcoin Cash to oblivion, and will rise the One True King to the Crypto throne.
Crypto needs a face, and Bitcoin has already cemented itself as that face and as a store of value.
Remember: Crypto is a revolution against Centralized banking, which is nothing more than a racket, thievery. The United States Federal Reserve, a private institution, lends money to the US Treasury, at interest. The Fed controls all aspects of money and is one of the biggest scams ever made.
After the crowning of BTC, we will enter a crypto renaissance. BTC will be going to $10k next year. Many of the new ICO's being made are going to be big winners in the future, and this is where we will look back and say "It all started in the Summer of 2017".
ALL HAIL THE KING.