It also very much is unbelievable that you do not understand what are market bubbles or you cannot believe that market bubbles will be an occurrence on very speculative markets similar to bitcoin. Considering that a -70% or more dump from the top that has occurred already 3 times on bitcoin is not a bubble pop? This would be very headshaking if you say this, I reckon.
You are getting it wrong. We are no more in 2016 or ehen yìí are talking about. If bitcoin is $120000 and you think it will get to $36000 which is 70% of it value taken? I do not think so.
But what if bitcoin get to $36000 again? That does not take its increasing value nature away. Bitcoin will later get to all time high again and again which makes it not to be a bubble pop.
Refer to altcoins when you are talking about bubble pop. It is altcoins that woukd be pumped, get dumped and not get to all time high again.