So what is everyones expectations on where we will bottom out at? Bitcoin can't continue to fall forever, I'm thinking somewhere between 2-4k by sometime next year.
Historically, when any asset bubble bursts, the unravelling bear market typically lasts 2 years on average (from peak price to ultimate low); and usually erases approx 90% in value (
thebubblebubble.com/historic-crashes).
Applying the metrics to the cryptocurrency bubble, it would suggest Bitcoin between $850 and $2500 by 3Q2019. Average is $1000 in 2020.