Crossing $250k zone the headwinds get quite strong as paper price suppression would likely engage.

But another impact is the rollout of CBDCs, BTC would see a price premium (see Nigeria’s rollout). Central Banks cannot block all the fiat onramps to BTC while we have sovereign adoption of BTC happening.

I think of $250k - $1m as the battleground, above $1m then BTC runs to infinity. Below that it sees very strong price suppression.