The price was average around $1,000 around February. The momentum seems to be only picking up. The bubble has a long way to go. Who thinks we will see $3k? $5k??
There were definitely a lot of hype and buzz about the price level. I think it is completely legitimate because we have already recovered from the correciton and the price seems steady, but with no further major bull market runs after that recovery.
I do think that we won't see anything under $2000 soon.
$3k is entirely possible but in my opinion that's not the natural price at least in the short term. $5k? Probably not until the next halving imo.
I think bitcoin can reach 5000 before the next halving, the rate of growth of bitcoin per year in the last year and in this year has been nothing but impressive and when we take into account we are only at the middle of the year and we are still to get some kind of solution to the scaling issue, I think if we are able to get segwit activated before the halving we will see the price double in just a few months.