It’s way lower than that. I’m prepared for it to retest 2013 peak of $1240. Blood. in. the. streets.
That is perfectly possible, but not in 2017. That could be the absolute low of a year-long bear market. I am however skeptic that we'll see these levels again. First the $2900-3000 support would have to be broken.
With one exception: If with the Segwit2x fork something goes terribly wrong - for example, 51% attacks from miners (very unlikely, as they would destroy their profit) and dump attacks on both sides of the Segwit2x front (more likely) then we can see this price regions earlier than we want.
For now, however, I believe the bulls will try to attack the ATH again. The downward pressure seems a bit weak.
Well, B2X is around $1240 in futures markets.
Since theres no replay protection, people are exposed to replay attacks. So, if they dump their "free" B2X for $1240, and this prompt replay attacks, their BTC will also be sold at this price point.
Miners would have to switch to the B2X network to not lose their profits, since the difficulty would be readjusted for the initial B2X price.
Yes, if the $6700 floor can be held (or everything higher than $6500-6600, so the 24 hour change is positive) then the "mild correction" scenario I mentioned above would be the most likely outcome.
