What do you mean by enough is the real question. If you mean that if we go to 9 thousand dollars we still have a chance of dropping once again, you are definitely right.
Bitcoin once hit 20 thousand dollars and went as low as 3 thousand dollars, so sorry but whatever the price of bitcoin becomes there is a chance of dropping significantly, we can't stop bitcoin to drop or change since in the end we seriously don't have any control over it. That is the beauty of bitcoin tho, nobody can control it. So in the end, $9k is not enough to make sure bearish stops, $20k is not enough, even a million dollars is not enough, in the end there is always a chance of bitcoin dropping 50% in value at any given second even while I am typing this down. Don't look at the pessimistic part of it, look at the fact that 50% increase is also possible.
Yeah, the whole substantive point of OP seems to be filled with nonsensical presumptions regarding bitcoin supposedly underperforming where it "should be", and you are correct, justdimin, that there is no real "should be" in bitcoin. It's going to do whatever it does, and sure whales are going to attempt to manipulate it one way or another to their benefit to the extent that they can and while they can, but there are going to be times that they can no longer manipulate it in the downward direction and at that point, there is no real choice except up.
There are some truths to the 4-year fractal pattern model and the stock to flow model, but there are likely going to even be attempts to cause those models to NOT be true, at least for a certain amount of time until the BTC price ends up gravitating back to the various projection points within those price prediction models.
There also could be points in which we figure out that either the 4-year fractal pattern and/or the stock to flow model are not correct in their BTC price prediction assertions, but so far they seem to be holding up pretty damned well.
Bitcoin naysayers, of course, will assert that the models are good, until they are not, which is also true, but if many of us are bitcoin buyers, accumulators, HODLers, we have already concluded that overall bitcoin appears to be a pretty damned good investment, even if in the short term there can be some painstaking periods in which we perceive bitcoin's price to be either too stagnant or moving too much in the negative direction. Certainly, longer term bitcoin buyers, accumulators and HODLers should not be disappointed by Bitcoin's performance in 2019, including a couple periods in which we witnessed seemingly extraordinary price performance, including the 3.5x price move from $4,200 to $13,880 in less than 3 months, and also the about 42% price move on October 25 from $7,300 to $10,300 in less than 12 hours.
So, yeah, even if we have witnessed BTC price corrections that largely retrace both of those above mentioned BTC price moves of this year, BTC buyers, accumulators and HODLers should realize that there remain certain difficulties that bearwhales are going to have in keeping BTC prices down to a certain points of difficulties and also the passage of time can end up working against them in terms of there are too many difficulties to keep BTC's price down. Surely, the upcoming halvening contributes to the UPwards BTC price pressures, even though it can take many months, even a year or more, before the lessening of the new BTC supply is felt in a kind of explosive and no longer able to keep it down kind of way.
