This is a conservative and reasonable prediction, but take into account that in bitcoin land conservativeness doesn't always apply. For all we know, this may be the new floor and we will never see 3 figures again, so I wouldn't gamble with it and i would just keep buying any further dips. Unless something huge happens, I don't see any major corrections in the future.
Some say that China banning bitcoin could take a big hit on the price, but im not sure about that, it may actually do the exact opposite.
I've gambled about 50% of my holdings on that prediction, hehe. At least I've put my money where my mouth is :\ Thankfully my correction depth is about 50USD lower than that exit. Might get burned, might not. We shall see.
I think China banning BTC would have a significant negative impact on the price of BTC.