Any ideas why the exchanges are speculating a drop to 1723 in the short term?
http://www.bitcoinforecast.comAlthough this is not always correct, bitstamp nailed the most recent drop within a few bucks.
There could be some indicators of a correction, it's definitely possible that we aren't out of the danger zone yet. I somewhat agree with their long-term price speculation but I feel like it could go either way at this point.
Very short term, who knows.
Being around $2500 for most of this month is the best that could happen to consolidate this price range (2k-3k). Medium-Long term it mostly depends on how the scaling issue is handled: If they are finally able to solve scaling in a non-contentious way the price will moon way higher than anyone could predict, with a huge pump right after things are clear and a continuous rise until the end of year.