Past performance is not an indication of future results as they say.
Dow Theory says differently. Thats a warning given to state nothing repeats simply as it did previously and I do agree with that point but also past events matter for reference. I was just going to say I've been crypto since before Mt. Gox. blew up and I think that was the main influnce to the top that formed at 1000 and the drop afterwards.
The whole market was far more dependent on just BTC then it is now, we have some strong second place candidates now with different kinds of rhythm to them. Also the market then was centralised to that exchange and without fully realising this price was not accurate, it was leveraged with the coins being counted twice. So false accounting and too much trust in 1 company was a problem then, we wont exactly repeat that though its still true now that not enough wallet use occurs.
There is the ironic effect of forks, this encourages people to use wallets in order to claim the fork coins. Ironic because I think this reinforces the BTC protocol by wallet use over these possibly insecure websites that are targeted by virtual thugs.
Also the drop took a long time, the speed of change now is far more rapid. The main point would be to focus on the protocol not the price changes that occur in speculation of its changes. I'm bullish on BTC if it fixes its logjam and puts power to transact back with the vast majority of users, serving the many over the few.