I've done some trading courses in my time and I must say that where bitcoins price is now is perfectly normal, text book crash. It has fallen to just over 60% of its highest value. Check all stock crashes and this happens 'most' of the time. I believe the fundamentals could stop bitcoin from rising as sharp as it did before, but for it to be worth anything as an investment you want it to gain price slowly. It's the only way it may hold it's value. Bitcoin needs lots of trading volume to do this.
I would say the next price level should be around $750, but may not make it to that level for at least a year or so. After that it may drop back down to around $500, then after that I couldn't tell you. After most crashes there is a sideways movement for a while. I believe Bitcoin's will last for a year.
I wouldn't be selling if I held them, not yet anyway. Not sure if I would buy though, I still need to see more secure trading platforms in my country before I do that.
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