It just depends on the moods of the large players. If they are willing to push the price further than just reaching the $1000 level, then we can expect them to support the price all the way to flat $900's as that will give people a space of around $100 to cash out and dump their coins. If they don't want to support the price, which would cost them a decent amount of buying power, then we shouldn't be surprised to fall back to $800 prices, and perhaps back to $700 prices. Don't forget that for us small traders it's easy to dump like 10% at once without it doing any harm to the markets. But when large players sell thousands of coins at once, it leaves a serious scar on the market. But then again, this is just wild speculation...
If it does happen that these big players dump their loads of bitcoins then let's all be ready to sell too. Then when it drops at around $600 - $700, we should sell everything and buy bitcoins. For sure, that will make it shoot up again back to where it dropped from. That would make us profit too, if the prices does drop so much from where it is.
If you think that when the price drops to around $600 and you can safely buy it there to sell at where it is now, then more power to you. Personally, I'm more inclined to think that if price starts to crash that low, there should be very serious reasons for that, and catching falling knives may not be the very best idea in this case. In short, you'd better not mess with the whales...
Just go with the trend, and you will be proved right more often than wrong
Seeing the price of $600 wont be big deal if the selling pressure arrives but i dont think that we will see this price so soon next year after feb only we can see it as mostly it happens due to China going to Christmas so that time the market can crash as it happens also in the Equity market also
China going to Christmas? What did I miss exactly?