As the Chinese are preparing to sell, it will trigger a chain reaction of panic selling.
The Australian auction will cause the initial massive dump and we could even drop under $200 if the market is as weak as i suspect it is.
There may still he a little profit to make here but be careful, these will be bloody streets soon.
Well, let see what happen in future, but i think you are talking about this situation after the halving, and i m sure mostly people have prepared their mind that after the halving, bitcoin price will be come down, but as you say $200, so it is impossible, because it is too low price, i don't think that bitcoin will be come back in this price $200.
But thank to tell us about the panic situation.