With $1000 in the not too distant future and the ensuing sell off (I'm sure many consider this a psychological target to sell 20-50% of their bitcoins for profit, if only to re-invest after the drop).
The question is: after $1000, just how far do you think BTC will drop back? Could we see the days of $500 from August again, or are we stable above $800-900?
For me the minimum should be around $800 and the maximum dipping point is $700. As long as the price stays in that range, we can assured that we are going to meet soon some new bottom floor. But prior to that, who knows that maybe price can build a good support around $900 since traders will think that many will take part of another rounds of buys once there is a sudden dump @ reaching $1000 mark.
This is really getting exciting. Im waiting too for the drop. Hopefully drop will happen at above $1000 so that it can test how far that price range will sustain the support.