wrong, you missed the drop already, 30/07/2014 lowest: $55x
And thats the lower price we will reach, people see very cheap the price at 550 or less so they will not allow to fall below that.
There's an interesting resistance at the 550$ level, I don't think that there will be so much selling pressure to break through that value.
Probably we won't see any sub 500$ price ever.
Remember, people have been saying this type of statement throughout 2014. Meanwhile, we've been in a nearly 8-month bear market. And I assure you that people were saying $400 can't break on the way to $340.