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?
It will depend on how many people and how much of their bitcoin that they will sell after the price have reached $1000 or higher . We can never prevent it to happen as we all know most people wants to get profit and I am going to include myself . I can't predict how much price that the bitcoin will drop but I'm hoping that it will be only around $800 .