Good points op, although I have to say that falling to 3000 would indicate a serious problem with BTC. Corrections in an uptrend are normal to occur and they are known to go as low as to the beginning of the exponential rise, or even slightly below it, but 3k would be too much. That would be a drop by 85% of total value and would require a prolonged bear market (2 years or more) which at current state of BTC is not possible without fundamental flaws or a worldwide ban occuring.