Sure we could go this low but not without having any fud related news that will fuel it. The last bear market was holding up quite well until the pandemic came and crash all market so the next will most likely hold strong between $20k to $25k until any fud will come pull the price downward either as a result of another pandemic or government imposing some strick restrictions/regulations on the industry.

One thing we should put into consideration before speculating on how low or high the bull and bear market of this era will go is the fact that the industry now isn't what it was few years back. Back then we didn't have institutional investors or as much as we have now in the market.

For my speculations, we could go as high as $70k then in the condition that there won't be any fud but just a correction we can go as low as $20k but if fud was to step in we can go as low as $10k.