Did we ever have in BTC history a battle like this one at 480$ ?
Maybe 1$ (I was not around).
Last thing I can remember is the 100-130$ period but more stretched in time.
From the pre 266$ bubble (and after the 10$) I can't remember anything too..
EDIT: Maybe the 5$ on 2012 and 10$ same period, more stretched in time too
When it was recovering from a drop that went just over $2 BTC.
It stayed at $4-$6 range untill the new ASIC tech BFL was taking pre-order's and then shortly the subsidy reward dropped from 50 to 25 BTC a solved block.
We are not at the stagnant technology stage so I expect the network to fall in line with market conditions.
Any good crypto needs a solid network of participants to be worth what BTC is today and in the future.
Note, that the internet is what it is today because the participants continue to use it as the main network.