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.
its just the trick coming from the big whales who wanted to make some panic from those weak holders, i suggest to keep you eye out as of this moment not to do some panic and sell your btc, if you still got some spare money better to buy more and surely it will bounce back.