Maybe its just me but until the next halving I feel price will be stagnant between $400-$600. 3600 new coins per day is just too many. That's almost 2 million new dollars entering the market every day just to keep the current price. Yes I know not all new mined coins are being sold but I'm sure the majority are. To many people got into bitcoin after the last bubble thinking a new one was right around the corner. I entered with a 2 year plan to accumulate and hold.
a) If 10,000 new adopters enter daily then it is only $200 per person.
b) there are 7,000,000,000 people .. so if only 10% become bitcoin adopters then 700,000,000 people / 10,000 per day = 70,000 days => 190 years
c) soon there will be only 1800 coins per day ... (900, 450)