If we could get more IRL retailers to accept Bit/Altcoin, I feel like we would be seeing less of these wild swings.
I say, look for bitcoin to tumble to between $2k and $3k before the dust settles. I'm no analyst, either, but it seems like this summer prices soared because of the FOMO train, and once people pulled into the BTC station, they realized it doesn't have many IRL applications, so it's basically a speculators tool.
The most common complaint I hear about Magic Internet Money is that you can't do much in the real world.