Bubble retrace from 1.1 to 0.55 ~=
Bubble retrace from 32 to 7 =~80%
Bubble retrace from 266 to 50 =~80%
If bubble retrace from 1160 is also ~80% that would mean prices of about 233.
WE ARE VERY NEAR THE BOTTOM.
In 2011 the bubble retraced from $32 to $2, that's a 93.75% decline.
1160 minus 93.75% it can go as low as $72.5
That is disturbing. And bitcoin survive the 2011 correction?