I'm more curious to why "HODLERS" think price will rise when every news event that's suppose to make it rise, instead drops the price. As an outside observer, it looks to me like cognitive dissonance
My belief is not based on speculation or news. It's based on potential for adoption. And that will take some years. But will happen, IMO.
China could ban BTC again and the price drop < $100 and it wouldn't change my long term view.