$1 is something that must have been caused by a serious news that could probably be leading to the death of bitcoin and in this case bitcoin becoming irrelevant anymore with a huge sell off, so in the case that this is not there, that is a reasonable amount to reach and that is not just by bitcoin bubble getting busted because it is not realistic.

Fortunately bitcoin now showing some stability around $7400 levels which must be a good symptoms for prices to move further positively still we have already gone through the huge correction after the value was inflated last year, and now we have to deal with it, and look forward to a good demand zone.