this contest is over 69420 on the 7th. And I will be smiling as I collect.
Seriously i still think anyone from 40k to 80k can win.
The price has fallen to ~47k with a low of ~$41k. There is one more day in which traditional financial markets are open.
I would say it is most likely that the price will end somewhere in the range of $34.8k to $54.05k (+- 15% from the local low and current price).
I don't think bitcoin has gone down 90% from any peak in the last 5 years, but it has gone down by a lot.
Either you are being blind or you are being disingenuous when you are making such non-representative claims.
If you lower the threshold to going up 5x, bitcoin last did that from September '20 to February of this year (5 months). It previously went up 5x from August '17 to December '17 (5 months).
Fair enough.
There have obviously been plenty of 2x increases, and 50% drops over the past 5 years.
The point I was trying to make is that it is unusual to see 90% drops or 10x rises in the price and that a more common upper bound expectation for medium-term price movements would be a factor of 5 (that is an 80% drop of 5x increase).