I imagine it'll drop lower than what it is now. If it breaks the $1800 area, then $1200 beckons.
No. I do not expect prices to go beyond $1500 along with current panic situations. Already lot of buying are happening around $1800 which must be a very big support levels. Even $1800 breaks, the next big physiological level of $1500 will never be reached as everyone is aware how cheaper bitcoin will be when compared to ATH levels. This alone will keep prices to bounce back at any times. I guess we are already turned into positive edge as now everyone wants to stay with race rather than missing out good prices to enter.