Unpopular opinion: you don’t get crazy upside without the massive drawdowns. Look at negative momentum (top right black) it doesn’t look like the rest. People are going to be disappointed yet again. Time to level set expectations.
Discussion
I agree some ppl might be very disappointed if they are expecting over $200K bitcoin.
However I wouldn’t be mad if I was wrong.
Plus, even if we do reach $200k, high probability we settle back to $65k-$100k (support levels) for the next 12-18 months.
It’s entirely possible, lows in current cycle are usually around peak of previous cycle, which would be the range you stated. I remember last cycle seemed like everyone was calling for $100-220K per coin EASILY and we peaked at $70K. Last cycle we did have FTX, Luna and Celcius cause some major downside pressure so I think if those didn’t happen we could have gone a lot higher be alas we did not.