Reasons this cannot be a 2013 style double bubble:

A new run would require an infusion of fresh speculative money. The infrastructure cannot scale up quick enough for this to happen. Coinbase was the #1 app, how is it supposed to go up from there? It used to be wiring money to a shady loser card game exchange, now anyone with a bank account can move money in. Until you can buy it right on the Nasdaq or something it can't get any easier. When 30,000 people know about BTC you can go to 30 million. You can't go from 30 million to 30 billion, even 30% of the population having heard of it to 50% is an enormous step that is almost impossible.

Without fresh money to pay off old holders the price cannot continue to rise. Without the promise of new ATH there is no reason to buy.

No double bubble means the limit here was 11.7, and with that fallen it has probably moved down to 9.7. Tick Tock, when BTC looks down and isn't standing on the ground it has to go someplace solid, $5,500, then when it is getting up and looking around it sees it still didn't fall all the way.

:Wile-e-Coyote: