Going below 300 would have been the bears chance to strangle the bull while he was still a baby, but now he's fully grown and can't be stopped.
But there are only zero percent chances for the prices going below $300 levels. The recent raise in hash rate is the one of the backing reason here. So, many experts predict there is no chances even for testing of $400 levels also. Bitcoin price is heading towards consolidation of $500.
The price could still go below $300 by a large whale to create a flash crash to get some coins by triggering stop loss.
There is 90% chance that it will increase more above 450 if halving is over it will increase more..
The market capitalisation of bitcoin is too small. If some institution has $100 million, it can drive the price easily.
Even $10 million is enough to manipulate the Bitcoin price significantly. You just need one exchange to do it. With that much money you can get the price easily 20-30% higher on an exchange as Bitstamp. On exchanges as Btc-e you can even get the price up 50% without much effort. Their order book is very thin.
$10 million is just enough to manipulate one exchange for short period. Other exchanges will not follow.
10M are only 20k bitcoin, you need something along the line of 100k to manipulate very well the market, and the sad reality is that some people have thta amount and even more
any big farm have that amount actually, they can earn 100 btc daily, in one month this is already 3k, and in some years this is even more, if they cooperate you know the result what will be...
