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.
True, bitcoin is in a too expensive value, in terms of usability, it is not convenient to use for small transactions. This will reduce bitcoin's popularity. That is also why ETH can compete with BTC.