Quote Originally Posted by touchring View Post
I find it hard to believe that the market price for Bitcoin has not fallen back to $5000 by now.
The price can bleed for quite sometime. Just have a look at the last bubble:
Bitcoin hit a high of $1,129 on November 30th (2013). By December 18th (2013), it crashed ~50% to $548. Afterwards, there was a dead cat bounce to a high of $921 on January 6th (2014). The price then continued to bleed for over a year until it finally bottomed on January 14th (2015) at $182.

In short, bitcoin can bleed for quite some time.