People missed one thing before the halving, at December 2015 bitcoin were worthing 250-300 dollars, at January this year bitcoin jumped to 400 for no reason besides the bitcoin halving coming, soo the current value is the right one and maybe a bit above the real value, that could be 500-600 dollars. Soo dont expect too much from bitcoin, i believe bitcoin will end the year at 700 dollars but if it stands at this value the halving has already made its presence.
I don't think it's going to stand at this value. People will have to invest again, so we have to wait for the investors to buy some more BTC. Trades and investments are never going to stop, you're going to see these guys around all the time. Everyone is hoping for a price increase like four years ago. If that would be real.. expect the price to go up to $100k next year.
I think the recent price drop of the bitcoin is caused by the problems of the new Core client, the software might not be authetic.