Re: touch down to 800$ is near

Expanding adoption coupled with price manipulation, of course. As I said yesterday, it will be clear in a short while if this grown is organic or on "juice". If the price establishes itself around its current levels, it will be real adoption and we could expect the price to continue to rise in the future. If this price surge is manipulated, then it won't stay at these levels for long and it should drop sooner rather than later.

It should be clear by now, that it is mostly manipulation that drove us to these levels. In terms of adoption, not much has changed in the last six months or so, when the price nearly doubled.
Therefore, I would wait till the correction to check where the new stable level is. I guess we may see a retest of $700.

A retest of $700 sounds too drastic. We have fallen to $860 and I think we might head to $820 levels before resuming the steady increase forward.
Unless a whale with bitcoins wants to crash the market, we won't go too low since the $930 peaks are still fresh in people's minds.

Bitcoin is still quite a volatile asset, so a 20% correction wouldn't be something unusual. According to this article: http://www.zerohedge.com/news/2016-10-27/needham-raises-bitcoin-price-target-848-heres-why Bitcoin's volatility is smaller than three years ago, but still one should be prepared for a solid correction, once it starts. At the moment the real correction hasn't started yet, we are still in the phase where bulls and bears are trying who is stronger.

Bears have been heavily defeated at sub-800 levels. Everyone and his dog was predicting that bears would come out as downright winners. But they were proved wrong. Right now there is no strong resistance even at $900 level, the price easily crosses that barrier, which clearly shows that the permabears have surrendered for the most part at around $780-790 prices. There may be just not enough bulls to push the price a lot higher than $900. And that would mean greater volatility in the coming weeks.