Have you heard of a price bubble? it grows and becomes as big as it gets only because those people buying also know about the bubble but they just keep buying higher and higher prices since they can then sell to next high price buyers and when funds are exhausted with traders deciding to withdraw bubble pops, then we'll see the price to back to normal $780 and starts to slowly increase from there.
Don't forget the new year's spirit of course
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I heard about the price bubble , As of now bitcoin price is 1000$+ and it is still rising , If huge dump happen other starter bitcoiners might get disappointed with the price and some will just dump it also. Don't forget the new year's spirit of course
.But lets enjoy the bitcoin price at the moment , Lets earn more and more bitcoin.
I don't think the dump will happen anytime soon but even if it does there are some hungry wolves waiting for this dump to buy the bitcoin and this can lead to the price increase again.
There are quite a few factors that impacted the raise in price of bitcoin, halving, christmas (short term) , interest growing bigger and bigger from lot of different countries and people.