The Bitcoin was rising a good but a couple of weeks ago, the price almost reached $800 and many people were waiting for the price to reach $1000 so that they could sell.
I am also waiting for the price to reach $1000, if that happens I will sell some coins.
It is better for the price to drop below $780 two weeks ago. We do not need a big pump and dump of the bitcoin.
The bitcoin price is around $620 now. That is a drop of 9% in the last two days. So the price bubble is deflating.