I do not like people to say that there is no enough buying power to push the price of bitcoin up. I remember my brother told me this when bitcoin price was at $56000 last year or so.
Same here but sadly it is a fact of the current demand for the market. I do not know if saying there is not enough current demand for Bitcoin to rally the price to $200k brings any difference.
I think bitcoin is not going above $150000 though but just because after we get to that price, some people may sell and that could be the start of bear market in 3rd or 4th quarter of this year.
There is still a lot of time for Bitcoin prices to rally. All it needs is just one superhype news for the Bitcoin market sentiment to go crazy bullish. I think Bitcoin won't reach $200k but there is a possibility for it to reach $150k a guess in relation to the previous ATH percentage adjustment every cycle.