This shit is headed towards 4k and possibly under $3k.
Next 2 years will be very painful.
We have all done it before and we can all do it again.
Yep. Thats right.
The 2-3 year bear market was set up by December's extraordinary peak (could have topped out at 6-8k by my own estimates, but the CME futures news shot it to the moon). The grind down is needed to wash out the extreme speculation... Before a new uptrend is truly in place, the last 6-9 months' wild speculative buyers need to be whittled down to true hodlers, unaffected by the price moves.
That could take take 2 years and $2.5k price in my stupid-assed opinion.
Hope I'm wrong.