The price of cryptocurrencies basically follows the rules of demand and supply. As the coin becomes scares it becomes more valuable and hence the price increases. One common mistake most investors do is that, once they see the price of a coin is going down, they hastily dump what they also holding which increases the supply more than the demand and further reduces the value of that particular coin. Later we try to put the blame on the team that they are not managing the project well. Let's help sustain our coins by avoiding panic selling. Its a collaborative effort.
Honestly I can't predict anything on this market, it may go up, down sideaways or whatever and I wouldn't be shocked. I have talked about this before and I love saying this I know I have said this a million times but it is still right after a millionth saying.
Bitcoin can be valued at $4k tomorrow and we all would be sad but not shocked, no one would be like "how did this happen to bitcoin", we full on know that bitcoin can be worth $4k tomorrow and we will move on with our life. At the same sentiment bitcoin can become 8k tomorrow and we would all be really happy and jolly but no one would be shocked, no one would assume it is an anonymously, everyone would carry on with their life. That is a 100% change and no one would be shocked for neither of those prices.