Do you think we are going to see a huge boom market to something like 200k Bitcoin in 2021 or 2022 followed by a gigantic crash to something like 40k Bitcoin?
I think this is very much possible.
This is what happened in 2013 with boom to $1000 Bitcoin followed by huge crash to $200 Bitcoin, and in 2017 boom to $20000 Bitcoin followed by huge crash to $3000 Bitcoin.
Some people speculate cycles are related to Bitcoin halvening events which happen every 4 years so it would fit the pattern of history if this is what happens.
And once Bitcoin hits ATH many people seem to get FOMO