How low can we go?
To be honest - we are already lower than I would have thought...
Exactly to ZERO. As you can see there are no big selling walls at all, no large sells or higher volume as usual... It simply nobody wants to invest his money in Bitcoin anymore because:
1. For every human being with a functional head on his neck it is very clear that pushing down the price, and then that magically will raise anyway can't and will NOT work forever; one of the falls will be a non-reversable fall, and there were so many already, that the risk of this is going to be the real one, is getting higher and higher; so speculators and get-rich-quick whales are pulling off, liquidating their bitcoins and stay away from this market in the future.
2. Market lost it's confidence in Bitcoin (exactly because it can be manipulated so easily). Can you imagine that a 10.000 BTC "wall" would actually mean only 3.600.000 USD? Can you see the devastating effect if somebody would raise such a big wall? Price would drop faster than you can possibly imagine. This means that whenever anybody wants to shut down Bitcoin (let's say the US government), they could make it anytime they wish.
Now imagine fiat, namely USD. Try to "dump" 3.600.000 USD to manipulate dollar's value... it's a joke, you can't.
I really believed in Bitcoin, and I feel sorry for it. I still hold a few of them, and I keep telling myself from the 600 mark that I keep it, I keep it, I keep it... Now I see that it would have a very smart decision to sell that time, and I know that they will remain in my wallet forever, because they will become worthless... it's just that I don't sell for this price, because I am a sentimentalist fool... but if I would have more brain than heart then I would sell them ASAP.