There is a high chance that we will see $2000 even by end of this month (finger crossed).
A 10% increase in price at $400 is only $40; but with current price of $1750, 10% is a whooping $175 and a 14% increase will give us $2000!
This is all actually beyond the expectations of predictors of bitcoin users. I still do not understand where the current bitcoin price increases. Every day seems bitcoin prices do not stop to keep on increasing. It's like a dream come true.
It's very simple, the Alt market reached a top ! and there are not as many new buyers as before. Meaning there's no real floor below the prices ! The prices don't have real support.
Any one who is skeptical about what I'm saying go look at the volume on the Alt charts and then look at the Volume on Bitcoin's chart. You'll find that Bitcoin has real volume supporting it's price.
Alts do not have real volume supporting the price and there volume is decreasing day after day.
This is because there is a bear market in Alt coins.
People have realized this and are moving into Bitcoin !
The Altcoin Bubble is deflating.