the moment it is canned, the price will fall back down to $800 or lower.
why $800? because to me it sounds like a random number you just put in your comment to have said something. there is no reason for price to go that low.
you think thousands of day traders who are currently waiting so eagerly to buy bitcoin at $1200 are going to let price go lower than $1100.
or did you think thousands of other traders that are long are going to wait around and let the price go lower than $1000?
no they are all going to jump in and buy. this is called resistance and demand.
i am going to sell my house and buy bitcoin with all of it if price goes to $900 let alone $800 at that price i will sell my kidneys too
at $800, I'll sell my teeth!!