I think its going lower to be honest. 50 - 60 ish
Discussion
Even if we get a rally it will almost certainly hit still 50-60, bear markets are never straight down.
I have the same gut feeling. If it goes below 50k I actually don't think it will ever recover again.
I’m not as pessimistic I think it will recover but next cycle top will probably be like a 1.5 from 126 so call it 180. Highly doubt we break 200. But I will just follow the trend it’s too hard to guess what will happen that far out. The trend is correct until we have a confirmation of a reversal.
On going by my gut feeling, but I truly think its over valued currently