Currently Bitcoin is price of 29K that still much lower than the expected price which still serves as an opportunity for investors.
I would suggest not to get your expectations up too high. Sure, it is good to consider upside scenarios, but we also should consider both downside and flat scenarios, and it seems to be an unhealthy perspective to consider $29k as if it was "overly suppressed" or some other kind of sentiment like that, even if there might be some truth to it.
Sure, we might be arguing somewhat about semantics because I am likely of a pretty similar conclusion to you in regards to the BTC price being low in light of historical context and in terms of the 200-week moving average, but that does not cause me to take for granted that the next likely step is UP rather than down or sideways.
So surely another way of framing any question regarding where we are at versus where we might be going is to attempt to put bitcoin in a kind of framework while still considering UP as one of the possible directions, but even if you might assign higher odds to up rather than down or sideways, that does not even mean that the higher odds will happen.
So let's say that you assign your odds as follows: 40% up / 28% down and / 32% sideways.. so even if you assign the highest of odds to UPpity, you cannot assume those others to be zero or even lower than they actually are.
Sure, you might come up with different numbers than me.. and sure let's give it a timeframe of within the next year, so we should have both time and price... so what are you going to do? Are you going to refuse to assign values to the other possible scenarios or just talk about them as if they are zero just because they are lower than what you believe to be the more likely scenario? whether you are correct or not, that's likely even another question.
I am optimistic long-term prospect with Bitcoin. Perhaps I can achieve a good profit starting from next year since a potential halving is anticipated. I aim to extend my holding period further. While my Bitcoin holdings may be relatively small, I can potentially gain more rewards over the long run. If I had not invested in Bitcoin, I might have kept that money in a bank. I'm uncertain about how much return the bank could offer me. Inflation has increased, and the government has also raised account maintenance charges. So, there is no possibility of earning any significant returns by keeping money in bank. I am looking to keep my Bitcoin for the long term, with the hope of achieving good returns. I have faith in Bitcoin because when the bitcoin price was less than 10 thousand, I didn't invest in it. I also refrained from purchasing Bitcoin during its last bull market peak. I can't predict exactly how my investment will turn out in terms of profit when the specified time comes to an end. The Bitcoin price might not increase as per my expectations but I am not overly concerned about it because what I believe is that at some point, it will turn bullish and this is the strength of mine. However, looking at the current price, I am holding a bullish outlook and have confidently made an investment decision.