For the tweeter PlanB (@100trillionUSD), who created the aforementioned metric, bitcoin would be around $288,000 by the end of this year if the behavior it has had in previous cycles is maintained. According to his model, that figure would be the average price in this 4-year cycle, which barely exceeds 3 months today.
The all time high in 2017 is less than $20,000 and consider it is at $20,000 and if the bitcoin bull run ends with a x20 multiplier as it was in 2017 from the previous all time high, bitcoin will ends with $20,000 x 20 = $400,000 that is higher than $288,000.
It is math and based on history and hope that we don't know it will be repeated or rejected. I open to price below $400,000 or higher than $400,000 but I would the average from them that is $344,000. I will take profit when bitcoin tries to hit $100,000 and will wait for market actions after that.