The last all time high is $64k, and so it is still achievable. Last year alone there was a big uptick in the price. It increases massively so why not the possibility that it can happen again?
While I'm far from convinced by the time-frame of a continuation of a bull market for another 2 years, given the reliability of Bitcoin's 4 year year cycles, anything is possible. Of course at any time this cycle could break, but given the 10 year consistency, I find it hard to believe that "this year will be different" and therefore price won't have a 75-80% drop over the course of a year like clockwork.
It reminds me of when people say "price will go to 0 after this cycle". There is so far no evidence yet to suggest this could be the case. I therefore don't see the likelihood of steady growth up until a price target of $300K in 2023, I see it much more likely there is yet again a parabolic blow off top (as has always been the case at the end of a 4 year cycle), which could very well see this price target reached in early 2022.
I only see price increases deviating from time based analysis by approximately 1 month. That's no where near enough to convince me these 4 year cycles are over yet.
