Meaning we will fluctuate 500-700 dollars until november where we will spike up to maybe 1500dollars again?
The same price pattern as last year would mean spiking up to about 2200% of the previous low in about 8 months.
Last year that was from $50 in early April to $1100 in early December. This year it would be from $400 in mid-December to $8800 by mid-August.
Yes, we might actually see that. Or not. We'll have to wait and see.
You summed in well, it might happen or not, who knows, I think there is definely more upside potential than downside potential : 20% chance of x10 and 20% chance of loosing 80%, it looks like a great bet to me