I can't say $200 won't be breached, you guys are so quickly jumping to conclusions.

First, as the price gets lower it is going to be harder to reach new lows obviously. This is where most people get on my case because even though I was one of only like 5 people who predicted bitcoin dropping from $30-$2.00, I was saying at the time it would reach $1.00.

So naturally people get on my case for not predicting correct a drop from $2.00 to $1.00, but they overlook the fact that I was the only bear from $30 to $2.00. Go figure.

That being said, I still think $200 is too high for bitcoin when adaption and interest is falling.

The price looks to be doing its typical wait before dropping further. It isn't really gaining anymore, volume is quickly dropping. Even on BTCE volume is really drying up. Signs point for another drop. You see, the fundamentals are still there that don't support $200 dollar bitcoins.

I think we are heading for $100-$150 and it will hold that position for a while.

Mostly everything said in this post is what people have said at every price level on the way down.