I am glad the 30k level is still strong, it is true that we went down below it for a time but this is natural, what impressed me was the reaction of the markets since we are at 34k now, so not only the market recovered it also went up significantly and it put some distance from the 30k resistance level, this tells me we are in an accumulation period, the whales do not want the market to drop that much but they do not want it to skyrocket so they are buying coins slowly, and once they are ready they will look for any excuse to pump the market.
While I mostly agree with what you say, we should not forget that some are still shocked about the price. When you invested at + $60k, it still hurts looking at the price. While we are alright now as you say and I agree, we are quite a bit away from the ATH. It doesn't seem to be an easy way up as those buying now also have an incentive to already sell again below $60k. It needs a very strong momentum to return to ATH levels.
Good point and indeed inflation is going to be out of control. In Europe a couple of countries have inflation levels that they didn't have in over a decade. That is a big plus for Bitcoin and we will see in how far the inflation is directly correlated with money flowing into Bitcoin. I hope there is a strong correlation, but Bitcoin isn't alone. A good chunk could also go into precious metals.
