Why Bitcoin is overvalued: all time high although future still unclear

(warning: opinionated ramblings about the current state of Bitcoin. Don't take my words for granted, i am just an observer)

As coindesk noted, Bitcoin's current all time high is expected by the industry, although does not really make sense regarding the fact that it's future is still unclear. Here are a few pointers to problems and issues Bitcoin currently has to face:

• Traders are still confused over the future of the currency, as there are further forks or splits on the horizon. Bitwala was one of the first signatories, leaving the "New York Agreement" (as reported by cointelegraph), so Segwit2x might not happen if more will follow. We will see a massive dump of price in case there is this continuous uncertainty. Market data shows that trader interest already moves to Ethereum, Litecoin, Monero and other more stable alternatives.

• The future of Bitcoin cash is still unclear. Interestingly, after seeing how the price of Ethereum (ETH) and Ethereum Classic (ETC) were combining the "original" price/valuation of before their fork-event happened, this is not the current case with BTC and BCH. A correction might be coming soon.

I would be interested in your comments and opinions on Bitcoin's future, please post below.