That's, by the way, price is just a number, and we can see more of it in times to come, or we can also still see the price go down below what we are seeing right now. On the aspect of reaching $80k in the coming months, it's possible, but who cares if it doesn't reach the predicted $80-$100k this year? As long as we still have more fruitful years to come, there is every possibility that those profits we hope to see from bitcoin will be achieved as long as the person keeps on hodling.
Well, that's the most prosperous way of seeing things, in the Bitcoin market a price indicates what demand and supply have for a period of time, but what matters is that it prevails over time, to be honest I see that BTC for about 5 more years could be touched $800k if there are no fundamentals that negatively affect the bitcoin market, because we must not forget that bitcoin has many enemies, there are enemies in the governments themselves, so if everything goes well from now until 2029-2030 I see the price in that range, not that it is very positive , but we must see that the btc trend points there.
Your assessment of Bitcoin to reach 800k is quite acceptable as we don't know what the future holds but to be more realistic and considering other factors that have been wavering on Bitcoin for quite some years we may tend to see that price in a decade or more. Am not underrating what Bitcoin can do as I have seen lots of imaginable movements that have occurred in the past.
This is more realistic to me (5 years period- from 2024-2029/2030);
2025 - $150k
2026 - $200k or $250k
2027 - $300k
2028 - $300k to $350k
2029 - $500k and above ( Will experience an increase due to halving or other reasons)
I got more interested in the part you spoke about the direction of Bitcoin currently. As of today, Bitcoin price has experienced a volatile period. And it has positive developments in terms of adoption, and regulatory news (US election) to mention a few others. In as much, as we can't be certain about the direction of Bitcoins price but believe there are possible indicators, the market remains subject to various factors that could influence the price direction too. So, as we are optimistic about the price we should understand that changes more happen.