I think Bitcoin Will Consolidate at $ 7,000-8,000. Then Bitcoin price will keep rising past $ 20,000
Thats definitely possible. I could see another drop in price, but we just dont know. It could just go up from here or the price could just fluctuate for the rest of the year. Long term I think the price will eventually reach new highs.
It sounds more realistic looking at the market situation and considering the facts and figures of last three years what you have mentioned makes sense and I believe in that. Let's hope for the best and hope that no other country prematurely bans bitcoin or any crypto without realizing it's value.