For simple math and hopium, it's worth looking at where price currently is relative to the past. We're actually still above the fair market value line, but not by much, making this a nice area to settle in to. If we dropped below, and was more consistent with the prior cycle, valuation would be around 51400 before picking up steam. The simple fact is that we over shot to the upside early and have been reverting to the mean for the past 3+ months.

You can find this chart, and others at https://www.lookintobitcoin.com/charts/bitcoin-cycle-master/

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