Bitcoin has consitently traded above the 400 level. There is a ton of buy support at 400. I doubt it'll break below that point.
Buy, sell ...speculation without someone that use them in real economy.
Price was up because of chinese using them for their utility. If we only have speculation, we have the results that we are seeing.
But why should we use bitcoins/cryptoc. in our life if we already have our money!?
This is the question we have to answer!