The price movements are fishing for volume imo, 30k may be optimistic (or pessimistic depending) but under 50k seems reasonable at least. We will have to wait and see, but I don't think there is as much supply as most assume.

"2.3 to 4 million Bitcoins are permanently lost, which is about 11% to 19% of the total supply." but I suspect it could be twice that. How many users have lost their keys, or passed away? I wonder if less than 13m Bitcoin are left. Much less available for trading, retail adoption has not occurred because there just is not enough supply for commercialization, but Stablecoins are here to fill the gap. Stablecoins also support the price but how long can their peg last? Who would rather hold USDC or USDT when Bitcoin is rising again? The next cycle will be fascinating to see. 2028-2032 will be interesting at least!!