Can you please explain more about why you think Bitcoin will not fall below $560? For me I try to not to get into this kind of thinking because in the real world anything can happen. We expect one thing and then the unexpected happens. But still I am a victim of this, so go figure.

Anyway back to my question, is there a technical or fundamental explanation as to why you think it will not fall below $560 or did you base it in your feel for the market?

we are not sure about that mate because most of us expert that btc will keep on arising until next year as popularity already been gained and most adopters are using and riding with this coin already.

Right, we should expect on the bitcoin price that it would reach a certain amount either rise or fall. As you mentioned $1200 is the peak price and  on those times people  would probably say that it would rise even more just like  on what we are saying  today then suddenly price goes back to $200. Price volatility of  bitcoin  which causes it.

Actually yes its because at this time their are so many scared holders that if they see some small downfall well they will start selling all they have and killed the pump so, provably for now whales needs more money and exert more efforts just to pump bitcoins at the topest price of a month, so for now i don't really see som possibilities that bitcoin would reach for 1000k$ and provably we can predict the price in decent way @600$ price and will stable to that.