If there had been significant upward pressure, then we wouldn't have been stuck at ~$6.5k for so long. I predict that ~$5.5k will be "the new $6.5k" for a while, maintaining relative stability with periodic bouncing.
I suspect that we're on a long-term slow downward trend until either the next halving or until something major happens (eg. ETFs, maybe certain global events, etc.).
This has been basically the way my thoughts on price have been ending up on this.
But there is this other thought that comes at the end of that train...
How cheap is the market going to allow BTC to be? The potential upside is so unknown, and possibly large that at a certain point the buyers have to come back. How low can it go before those with big money who have come to truly understand what Bitcoin is are not buying on the open market?
And following that point... How much of the "retail" market is depressed by the OTC market, which I suspect has grown exponentially over the last 1-2 years. In fact big buyers on the OTC market have an incentive to depress the visible retail markets as much as possible.
SO many levels... what a time to be alive!