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.
Bitcoin price may decline again in November when segwit2x hard fork will happen, any bad news will affect bitcoin price but not sure how much it will drop.
I expect bitcoin price could fall down to $3000 again, and current price will slowly increases until reach over $5000, so if you want to buy bitcoin just buy it right now, sell at the peak and buy back at the dip in November.
I think the price will not drop until $3k its really a small price for bitcoin and there is possibility that the price can be increase more this coming months.
But if the news are really can affect the price of bitcoin and its high damaged about bitcoin it can be decrease a lot. but its too far and i think we will still can see high price value of bitcoin sooner and we do not know what will actually the price of bitcoin after november..