I've seen btc go from $1000 to below $500 and then go very close to $18k before going down to sub $10k before this so I'm not even surprised anymore. Though if you use those milestones as indicator then we could be seeing $20k very soon.
I doubt that, the popularity of BTC really increased in 2020 and still increasing in this year as pandemic has not yet subsided. What I mean is that, the milestone might be a good reference, but if you are seeing that way, you might also consider other factors such as popularity of it.
I'm still really seeing this through until it reaches maybe 50k then sell. And might then see if it goes up or down without any regret in my side
That comment was made before all the news happened. After musk's tweets and the $1.5b purchase caused various big companies to consider their options (and speaking about it) I pretty much doubt we'll go down to $20k anytime soon unless big things happens. Still, I think a
bottom at around $35k would be possible in a month or two after all these hypes dies down.
Going down to $20k will result in more than 50% of the market going down, so I agree that I also doubt that it will happen anytime soon as the market is very bullish this year. There is no hype, this is real bull run that we have seen so we might see some price correction but not that heavy and on the contrary, $50k is the next target. So the future looks very bright at this point.