I dont think the bitcoin will drop that low for sure. But it can happen because the value of the bitcoin cant be stable for a long time.
It depends about what people do with their coins what the price will do.
You are right. We dont know when we wake up next day, what will be the price of bitcoins. I wish price were a little stable so that we would have not worried too much of the price movements. Unsuitability of price no doubt helps gains profits but it can also give you high losses.