I cannot see an 80% drop to be honest. I don't see demand stopping enough despite the psychology. Maybe a 30 to 40% drop, but don't see it going below $300k, following it reaching the $500k level. Especially as the higher the price the more immovable it's direction gets, almost like trying to turn a super tanker or stop a 50cal with a vest.
Discussion
People said kt could ne er drop below 58, 50, 40, 30, 20 after it hit 69k. It did. Can have explosive 5 to 10 x growth without huge pull backs. Id prefer massive logarithmic growth and massive pull back. Vol is telling you that it is alive. That it is monetizing that people do t understand what it is.
When i built PowerbellGM2 I based what I did of monetary findings of economicstudies that came before. There is no model out there (nothing even close) that predicts BTC with the same granularity and statistical significance and these are the principles it is built on. You should read the last 3.
