Good price to pull some profit from Bitcoin in my opinion. Most traders and holders are probably thinking the same and most likely will watch the market a little bit and sell which will reduce price at $11,000 level again (Not unless Bitcoin can hold the $12,000 which then we will have a prosperous year even with the pandemic).
That's a great point, however it's good to notice that whether it's 12k, 11.5k or 11k it's still a very small movement and not of real interest to anyone except for maybe day traders. Bitcoin has the potential to go 20k and much further, and detailed predictions almost rarely come true anyway. Sometimes it's better to focus on the big picture.