Very unlikely... ~400: quite possible we'll revisit it. 300-400: could well be, in a final moment of despair. Falling below the previous ATH on a functioning exchange: not something a trader should bet on, in my opinion.
You think Silver Stacker circa 2011 ever thought he would see $18 Silver again? I seem to remember $500 being a certainty....cos the Fed, money printing, real money, JP Morgan's short position, cos Max Keiser said it would, [insert 2nd hand dogmatic rational here] etc
Bitcoin is now looking every bit as unhappy in the $500 range as it did in the $600 range in the days prior to the $400 crash.
oh and btw....even if Bitcoin hits $299.99, then my call was right.
I am saying $200 range, but what I really mean is lows that will shock everyone just as much as $400 seemed unthinkable when we were 'getting ready to break out from $800 range back in Jan 2014....except 'shock' may not be so appropriate as the fatigue, boredom and acceptance of defeat, will have set in by then......Was anyone really 'shocked' by the time Bitcoin ground down to $2 in 2011?