BTC price is already hovering around 1200 $ from a month now almost. It has fallen back many times and arose just above 1200 and taking a dip. Its trying to stabilize at 1200 currently bu the momentum is below 1200$ at present market. Around 1100$ in coming time.
What makes you think BTC will drop to $1,100 in the near future? All I can see nowadays is rising. The panic selling which happened in March is over and I can see no reasons for the price of BTC to drop now or in the days to come.
I don't think bitcoin prices will go to the moon soon, but I think we can expect 20% growth in the year 2017.
people usually make random speculation on this forum, you should learn not to pay attention to those who are just saying numbers without some included logic to back it up.
my logic is like this if anyone was interested, and i am not claiming to 100% right:
at the moment there is a big uncertainty about bitfinex and the fact that their deposit and withdrawals are disabled.
they claim it is because of the issue with their bank. if that is the truth (which i think it is) that should be fixed soon and things will be back to normal. there may be some fluctuations sideways because price is out of balance right now with BFX being higher than most exchanges and bitstamp being unusually lower.
if not and there are more things going on outside of our knowledge then there will be some small disturbance. this means a price drop mostly because of panic and FUD not a real threat.