How low would Bitcoin have to fall before it was no longer recoverable?
Price, in my opinion, would not dictate this. It would have to be something that would destroy the foundation and system on which it is built.
what you say?
The first time when the price of Bitcoin was
BTC1=$0.01 Bitcoin was equal to the dollar in 2010 and in April 2011 the price of Bitcoin was
BTC1=$1. Right now those who have researched Bitcoin and its future and past have gained a lot of knowledge about it. When Bitcoin was worth one dollar, everyone thought that its value would never go up, but its value has changed every year. And since the price of Bitcoin started from one dollar, it reached the highest level of $69k. By seeing this particular change in Bitcoin, we can say for sure that the price of Bitcoin will never go down to $1. Since the price of Bitcoin has changed every year since that point, it is never possible to go back there, rather we assume that the value of Bitcoin will continue to increase.