I think its still going down. We should see $100 by 2016.
Why do you say that?
The price went up in the earlier halving i.e. 2012 and i still hope the same thing will happen. People are too interested to invest on bitcoin during the halving period. I am sure this would significantly increase the price by atleast 150%
Because that where btc was before the willy bot got involved. It needs to go back there before it can go back up.
What's the logic behind that? Is this something that's been observed, historically, with manipulation in other markets?
(Genuine question, but I will say up-front that I attribute some-to-much of the rise to USD 1000 to the Chinese desire to bypass exchange controls. But that's not necessarily relevant to my question).