Theres a little panic selling thats happened this week thats why bitcoin price go down. But its not enough to make bitcoin price to go down deep. A normal strategy to make profit in a short period of time.
I guess some of the whales wants to make some movement. It's either the current price for this week is already enough for them to make profit, because that is $1,200+ and we know that it's already good enough. And that's they did sold some but I don't think that is panic selling, because if that is panic selling we are seeing the price now back lower at $1,100.
The price pf Bitcoin have remained impressive since 2016 leaving most speculators in profits, so it is not unlikely to see a sizable number of sells every time new high is made and that is entirely a different ball game from panic sell off. Nevertheless, panic selling most probably out of fear, uncertainty and doubt (FUD) is indispensable in any speculative market.
That is completely correct, but we can avoid panic selling if we keep updating with the news and analyze what is happening in the
market. Bitcoin will rise accordingly in the future as it is back by volume of adoption, if you fear the temporary price dip, you don't belong here.