Taking into account how easily manipulable the price of bitcoin has become, any scenarios is possible right now and therefore we should not be surprised to see such a low price. But the saddest thing about this is that just like the price, the trust in bitcoin could also come down to bring this project to death.
I believe those manipulations will find an end as all Chinese exchanges are stopping the provision of leveraged trading, it means they can not trade in more volume for their given capital amount. So, we can expect less fluctuations in upcoming days.
I believe there will be no chances for $200 per bitcoin, we are moving toward $1000 levels again.