In the fork of August is not impossible. If it drops lower than 1300 it will deep and deep as it will have no support. Maybe we will have another shot on stockpiling "cheap" bitcoin again...
There is plenty of support above 1200 USD.
And today I heard a Goldman Sach analyst say that the price can retract to 1800 dollar but not much lower. Then a new fifth wave can/will happen which may take the price to a stable 3200 dollar. Which would be an excellent price for 1 bitcoin.