I dont think that the price off the bitcoin will drop that low but what i do know is that when you use the bitcoin allot and investing with it the price
wont drop that much believe me!
It will not drop because the future of the bitcoin is good and its growing, people are selling and buying these days so I think that is a good sign honestly.
The bitcoin will go to a higher amount soon and it will not go lower soon too.
I agree that it will not drop below 400 USD anytime soon. There have not any bad news happening to pull the price down nor any good news that may push the price up. But one thing is for sure, there is always a new person that involved in bitcoin everyday, though there is always some people that leave bitcoin everyday but as far as I believe people who are entering bitcoin is more than people leaving it. This means demand is greater than supply. So bitcoin price is moving up slowly.