The better question is what is up with the prices of ETH, DASH, and XMR. Those coins have been raising quite high in the past couple of days and it seems like it hasn't slowed down too from what I am seeing. But, let's see. Maybe when everything else goes down again bitcoins will shoot up to $2,000.
That could happen. But if the scaling problem of bitcoin is not solved, people will start using altcoin.