It also depends on where you start the month from, in this case it looks like the lower 40k area, which is already ~25% off the top. With all the increasingly stronger underlying buying pressure opposite the shrinking supply, it's tough to imagine things going much lower. It could end up being a "wash" - a month's worth of sideways trading within a humongous range? With a panic sell to 30k included? Possible to likely?


Edit: From a technical viewpoint, a panic to 30k is not very likely, but that never rules it out . . .