I would love to see the price test the $3000 level, because that's somewhat of a price most people agree on that it is an important level. It's basically a moment of truth level. If the support fails at that level, it will probably fail at any other level as well. It will indicate that there is more selling pressure to get rid of, even with how most people think the current price is low already.
I'm afraid that if we do hit $3000 we'll break it with at most 2 attempts. The thing is that with so much believe in that level, the market will likely do the opposite similar to what it has been doing this whole year.People fool themselves if they believe that there is a level we won't fall below because of miners needing x level to not lose money. We have seen that the difficulty adjustments take care of that...
Overall, I think we should lower out expectations significantly to not yet again be disappointed in the market. Panic sellers don't care about triggering stop loss orders, they sell because they are genuinely afraid of losing it all.
