The point is that the increase from 16k to 17k is the amount of money that you will see before it goes to 20k, you can't go from 16k to 20k without hitting 17k in the middle. Right now, people are wondering if that's the case, or was this the only increase we will get. Maybe it went from 16k to 17k and then will move to 20k, or maybe it went from 16k to 17k and then stays here.
We do not know which one is the case, but there are some group of people like me who thinks that the price will continue to go up. I think it will definitely go up, and that means we are going to see plenty of increases and we are not too late to get in just now, we can still jump in at this price.
The market will recover over time, but I don't expect much recovery around December 2022. Moreover, the negative sentiment in the market due to FTX has not been completely forgotten so that investors are worried that lower prices will make the market recovery slower. I expect a better recovery in mid-2023, and now I think we will still be bearish even if the market looks positive today.