bitcoin prices fly high to the moon, may be affected year-end. well, buying bitcoin now would be a good thing. most likely the bitcoin price will rise again. and of course pass the $ 8500 price in the near future. but, in addition, many people are afraid of the dump of bitcoin prices, so many people are selling panickedly. but, for the time being, it has not been too self-conscious.
whales have enough buying power to make the price go up again, unless stop loss orders getting activated after each other making the price tank heavily. it happened once at btc-e when some one dumped around 10,000 coins at once with a flash crash as result. those that had open buy orders at very low price levels made themselves a good amount of profit in a matter of seconds as the price climbed back up directly.