I was really optimistic about bitcoin reaching that value earlier this month, I don't see this happening anymore. I'm aiming for bitcoin to reach $500 somewhere mid or end January.
It's already over. We finish 2016 less than 500$, it's obvious.
Positive sides: We didn't go back to 3XX's, we are still in 400-450 band.
Negative sides: 460$ and 500$ resistances are too hard to pass. Bitcoin haven't found a buy support when it came to resistance.
I agree with you about this resistance level, it is a strong one because it succeeded in pushing the price down several times.
But I think after the holidays, there will be more. Buyers to support the price up