In Bitcoin investment there's no such words as "impossibilities". Market rise and fall daily likewise bitcoin. Some things that people don't understand is that the principles of bitcoin innovation cannot allow bitcoin go down below some certain prices. As it stands now, it is not very realistic to start imagining bitcoin at below 70k which is already a good landmark compared to the price of bitcoin in June last year.
I agree with almost everything you said but the aspect of saying it is not very realistic to imagine Bitcoin fall below $70k which is a lie. As far as Bitcoin is a volatile asset we can't imagine the limit it will dip and it fall. Bitcoin has once reached an explicit ballpark of $69k ATH in 2021 and fall even to $15k is about %75 dip before it regaind. So price is too por to think of when it comes to Bitcoin dip because it may even dip below $70k if market permit it's. The unrealistic price we may not think of Bitcoin going back is like $40k below.
We can't be certain about the level of dip bitcoin experience in a cycle.The uncertainty around the level of dip Bitcoin can experience in a cycle is part of its nature. Each cycle can be different and predicting the exact levels is difficult. It will be unrealistic to say that a dip of $70k is unrealistic or impossible, $70k migt likely occur but i can ascertain that $30-$40k will be unrealistic.
The thing is who gives a fuck if it occurs. The growth potential and resilience of Bitcoin, I'm blindside by those dips they seem less worrisome the focus is on the bigger picture.