It is unlikely. I think it should be back to around 800 some time this year.
I don't think so that we will be back at $800 for this year. The price floor is good now at $1,000 or should I say that it is good at $1,200 and it's very possible that we can go up to $1,500 very soon. The price now is good at $1,300 and there's 200 more bucks to go and I guess we can go at this rate maybe at the end of June.
The current bitcoin prices of $1250 was not a walk pass but a consistent effort of bitcoin desire to stay above $1,000. I don't think price we stay below $1000 before the end of this talk more of $800. Op predictions of $1500 is very realistic and I expect the price to trade above $1500 before October this year. If china exchangers such okcoin, btcc resume margin trade activities this year then expect the price to hit $2000 before the end of this year.
The current price of bitcoin upon visiting preev.com it's now $1,299 so it's like a ranging amount from $1,270-$1,299. And I can't see a reason for now that bitcoin is going to come back at lower price. There are basis and some strong support for the speculation of the price to become $1,500 and I can say that we are already near on it.