down to 30k-35k
Or up to 50k-55k.
We're still correcting from last year's steep dip.
2024 has been one big correction.
I think a lot of people don’t realize this. My personal belief is that if FTX didn’t defraud everyone out of their Bitcoin and pump everyone’s shitcoins then the price of BTC likely would have gone up as high as $140,000 and would have bottomed around $60,000. So while we may be in a bull market now, we should have never gotten this low in the first place.
imho, FTX and Three Arrows got derailed by China's miners ban which probably meant that ALL of them got bankrupted in May-June and then they just tried to claw back lost funds by pushing s-coins, mostly.
It did not work, "surprisingly", probably because more 'advanced' people were "in the know' about their situation and pulled the plug, essentially.
However, I agree that btc should have peaked at 120-140K and then bottom at 40-50K (instead of 15.8K).
That said, I sometimes worry about M. Saylor's prodigious use of leverage.
From my own experience..it works until it doesn't and then someone may be in a big trouble, although I don't expect such trouble occurring any time soon, most likely.