It will drop as it always does but I think / hope that it drops too $900 or $800 at the lowest, I think this time around we see a much more stable and slightly more experienced coin.
If no major hacks or other similar things happen as has been the case in recent years, then I don't see any reasons for the price to drop below the $800 level. But I too believe in a correction to happen any time soon. We can't keep up supporting these levels as the pressure is building up with the day. It just takes a few large traders to cash out to trigger others to follow them with dumping. Better have some fiat ready to buy back in case you secured profits.
You see nobreason for it to drop? Are you delusional?
The protocol is fundamentally flawed.
There is barely any support until around $500.
The exchanges have likely been hacked or more likely been infiltrated to make this possible.
We are set up perfectly to drop down hard. $500 here we come.
And with all the fear happening then we will probably fall even lower go back to the 200-300 range again as we've seen before after we all got played by the manipulators and hypers.