A trader just made a million dollar bet that Bitcoin would be over $50k by the end of 2018 A large trader (or traders) just plopped down a million dollars betting that Bitcoin would hit $50k sometime in 2018.
Most of the people are expecting for the price to reach $20k dollars or surpass it before the year ends and that is the reason why bitcoins today is not dropping so hard, people are still holding their coins today.