What interests me most is the bearish case
Where is the floor?
Discussion
My gut says we are on it. They are dripping QE, while keeping the narrative bearish.
I think 60-70% from peak is a reasonable prediction 38-50K. That price prediction are mostly garbage you can only see what the market is doing now and what direction it is trending. Trying to determine tops of bottoms without any technical indicators is at worst hopium at best statistical analysis. Most ppl offering predictions fall in the prior catagory.
Mid-50s not impossible I agree
But very unlikely
I think still enough bull potential for that