I don't think bitcoin will drop under 100, the bottom was 160 and that's it.
Well, the price took a dive below 160.
BitStamp day's range: $152.40 - $230.89.
I was watching BitStamp this morning and seen the price going from ~190 to below 160 within few minutes, then it bounced back to over 180.
I've got a strong feeling it's something more than panic selling and miners dumping.