It is good that Bitcoin's price is so high since many gained many profit from it. But this hype is too much. Bitcoin is so much expensive now and every step we see Bitcoin increase. Well, I say it is time to go down. A price around 3000 USD is reasonable but going beneath that is much preferred.
What would it take to make Bitcoin's value to drop again? A new hard fork? whales dumping coins? anything, I just hope Bitcoin to drop tremendously.
I don't think that bitcoin now will drop tremendously because a lot of investors had already put their cash into the ecosystem and whales cannot manipulate the price anymore. And even if it drop, it will not drop significantly because people will quickly jump on the hype train and buy bitcoin back.