Yeah its recovering but seems that it needs some time to get going and the price is actually getting low also and then high so I am not sure if that's recovery or a slow downfal.
Because of some news like hard fork the Bitcoin price fall but this is still high.
Now Bitcoin price moving slowly but we didn't sure if Bitcoin price will goes up again in 1200$ point.
No one really knows on if it would recover or not but you are right its still high price to consider comparing on the previous years price which i can say we are still on the good side or price of bitcoin and nothing should too worry too much because it will gradually recover up its price for now the thing we should do is wait and dont panic sell.
Thus, in my opinion now is the best moment to buy more Bitcoin then we hold it. I guess the price
of Bitcoin will be recovered in a few days/month later. I believe that. But you are right, don't be panic sell.
Because it will make the price of the bitcoin will be down again.
there are only two ways of investing in my opinion and i am only mostly talking about bitcoin:
1) you day trade to make more money, or bitcoin whichever you choose and in that case you sell on top and whenever you speculate a drop such as the FUD about split and then buy back at the bottom and rinse and repeat the process every day
in this case the drops and rises matter
2) you go long. in which case you buy at current price, preferably in a dip and hodl. no matter what happens in short term. and you do it only if you believe in bitcoin in the long term.
in this case, price going down doesn't matter at all since you are always in profit.