He will go soon at 550$.
I do not think it will go down that far. We have a healthy support at 800 before the price pushed to over 1000. If it is going down, the bottom will be at 800 and above.
of course it won't those days are long gone and will never come back, I would even doubt that bitcoin can drop under one thousand dollar price, of course I am not saying it is impossible, but it is highly not likable to happen, bitcoin is really strong right now and it becomes only stronger with time as more and more people jump in, so let's use bitcoin as much as possible and give it the power that it deserves.