I'm not even kidding guys. It has become clear that Bitcoin is entering the mass market now, though still just at the very start of it. While the 11x in the past 11 months has been astounding, this is just the beginning.
We will see 6 figures before 2020. Bitcoin user adoption is gonna grow from a couple dozen million now to hundreds of millions the next two years. Institutional investment in Bitcoin is gonna grow from basically non-existent now to a major new asset class for wall street in the next two years. $100k in two years might actually be a low prediction.
The price behavior you are describing would be extremely uncharacteristic of bitcoin and of any asset. If bitcoin is going to hit $100k, it's going to either happen in the next few months, or 4-5 years down the road after a massive crash and painfully slow recovery, like it did from 2013 to 2017. If the parabolic rise in bitcoin price doesn't continue up to $100k then it will crash before that. If it does, then it will crash after that. In either scenario, it crashes.
To be honest the most likely thing to happen is that CME group futures will start trading in mid December, and some random institutional fund will, on a whim, decide to throw $100 or $200 million dollars into a short position just for kicks and giggles, as a small speculative investment. This will cause the price to get absolutely annihilated, and the bubble will fall apart. An 80-90% decline seems realistic. Maybe we'll hit $15,000 before that happens. Either way, I'm cashing out of what little I have left in the next two weeks.