Initial crash down to around $8.50 or so - rebound to around $20-25USD for awhile and then slow climb back up. BTC is extremely overvalued right now, but there's no saying it can't goto $500+ before this bubble pops. I do believe in the long term future of btc but we've gotten WAY out in front of reality.
Full disclosure - I've been horribly wrong on price for sometime - I still think the crash is coming, HAS to come, but my level of certainity has dropped from nearly 100% to about 90% in this recent runup. If I finally become short term bullish it's time to sell for sure ;-)
There is no reason whatsoever to think the price will crash so low.
Markets overshoot, like how we crashed from 31.9$ to just under 2$, to reach stability at 5$
The June 2011 bubble started at $.50, and then crashed down to $2 and was eventually stable at $5
If this bubble follows the same pattern, it started at $20 and will crash down to $80 and stabilize at $200.
There is no reason to think the value will crash below the pre-bubble level.