It was clearly a bubble when it hit 1270$ but not now.
Normal bottom price should be around 900-950$ at the moment. If it goes lower than 900$, that would result in a disturbance and can cause serious anomalies in the normal timeline.
But fear not, if it goes lower than 900$, it also means that it is cheaper than it should be
Exactly, and that means it's really impressive how little Bitcoin has dropped. There was a lot of hype and arguably pumping with the Bitcoin price, but I start to think that it wasn't pumping if really negative prospects of a HF don't send the price below $800 at least.