Think about it, $7500 after everything that has been thrown at this market? LOL, the manipulators have only proven how strong Bitcoin is. Saddle up, 25k BTC and overall market cap 1 Trillion coming this year.
I agree that bitcoin has shown itself to be the most resilient and effective and secure cryptocurrency, and that it will continue to be the premier cryptocurrency in the medium to long term. I agree that $7.5K will be the low point of the current down cycle, and that when the next up cycle starts towards the end of 2018 that BTC will make new a new ATHs of $25-50K in 2019.
And this is a log-graph I constructed recently of BTCs price from 2010 to early 2018, with its fairly steady long term parabolic growth the last 7 years shown as a linear line -
https://imgur.com/gallery/9iF3t . Saddle up indeed if that long term parabolic growth from 2010-2018 continues the next 7 years as extrapolated in the graph, as I predict it will given all the positive things going for it! BTC at 100K in 2021, and $1 million in early 2025 projected and predicted!