Barring a disastrous technological or legal black swan (Gox robbed again, ECDSA broken, Bitcoin outlawed, &c), I can't imagine dipping below $5 and am willing to bet we won't dip below $12 either.

Anything else, well, we'll see. Other than the kodiak in the room, news has generally been bullish; how these forces will play out - and whether the next major correction will take minutes or months to materialize - is anyone's guess at this point.