$3,000 level might not be reasonable, but definitely possible. If Bitcoin block halving happens to be not happening this year, the price could've been worse than what we are seeing today.
i disagree. mainly because halving effects that you are talking about are only hype-based and that only lasts a very short time. which is mostly 1 or 2 months before the halving not all year long. but also because we have already had a nearly 50% drop, it doesn't get any worse than that! if the halving hype was in effect the price should have fallen about 20% tops. any more drop than this is extremely hard and requires a lot of manipulation.
The first time prices dropped down I was really assuming it was manipulation because the halving was getting closer so maybe the people who dropped it took advantage of the economical situation when people didn't had the money to buy bitcoin and increase it so they started selling a lot to drop the price and that way they could buy smaller and smaller and slowly.
What people do not realize that, if one person can sell 100 million dollars worth of bitcoin all at once and drop the price, they could continue to pay 5 million dollars a day without increasing the price too much, so they end up having a lot more bitcoins but same amount of dollar investments usually.