I believe that bitcoin is able to have such a high price. although many people panicked when bitcoin prices rise high enough, and make them sell many bitcoin that drive the price down. but, there is a point at which bitcoin prices rose to a high, and I am sure, it could be more than $ 2,000.
I also believe in the price for bitcoin and in that it will cross the price of 2000$ one day. This year the price is not stable and doesn't show any fast temps of grow. Every time the price rised to 1060$ some drop happen. Maybe that was happening exactly cause panic selling about which you were talking or the situation on Chinese market.