I think otherwise though, I mean if we go like $3200, I will assume that this is a perfect opportunity for us to buy cheap bitcoin and so everyone will be buying at that time that will push the price higher.
And when the eventually bull run arrives, then $100k will just be the beginning. And that could be the first time that we will see a massive bull run in the x number of returns. So I will not be nervous in the price goes down to that level. And we will love to see the price finally hitting the 6 digit, it will be the first time.
Remember that last cycle bottom was 3200, so how do you expect something different with the economic situation in the world? how to motivate new institutions and bring new money in the market with terrible recurrence of the dip the dip at that level? The same size of money will be used to pump the market if not more, the loss in the market and low motivation will be too bad to deal with. Lets just hope we dont reach 3200, is not good for bitcoin at all