Explaining what happened is very simple, the demand for bitcoin is still there and as long as it is this high the price will remain where it is, if you are expecting a bigger drop in the price then there needs to be a drop in the demand and an increase in the supply of coins in exchanges, when will this happen? Well, no one knows and anyone telling you that he does is either lying to you or has deceived himself so thoroughly that he actually believes his own nonsense.