If we compare it side by side then I'd guess we can see a $100k BTC price by the end of the year. Though even if we don't exactly compare it side by side, the general trend of Bitcoin was always an upward trend so I'm guessing we can always assume positive growth in the long term.
Well, that's based on what has happened in previous cycles, which can serve as a guide but I don't think the Bitcoin price follows a deterministic pattern. Also, as the price goes up, it's going to be harder to get 100x returns from the bottom. Otherwise, in a couple of cycles Bitcoin should be worth hundreds of millions of dollars and there is not that much money in the world (at the moment, but maybe if they keep printing at this rate...).
In short, I see this price range as plausible, but because the situation accompanies it, especially the supply-demand relationship, not because I believe that this cycle has to repeat the previous ones.
I mean, it isn't like the past results were due to a cycle that repeats, it was still due to the supply-demand relationship as well as other external factors, differing from each cycle. I don't really know why it went up in the first and second, but the third should be quite well known. The past cycles shouldn't be used as a metric for reason as to why it went to said price, but it could be used to see how the price moves generally.
