I think the $69k was the peak of this cycle, which was only 3.5X the previous ATH. I believe that going forward we are not going to have higher returns, so I would expect that in the next cycle, the price will clearly exceed $100k but not break $200k.
I would expect a high of around $185k or so, with resistance at $200k which will be difficult to break.
This is very hypothetical and if high inflation were to continue over time and go higher, which I don't think it will, as central banks are starting to try to curb it, we could break $200k.
What do you think will be the maximum price for the next cycle and why?
