Mathematically speaking there is no reason for bitcoin price to go up or down aside from people actually buying and selling. You can take a look at the charts, you can study TA, you can do whatever you want, you can predict the inflation and scarcity and many other stuff but all of that could be for nothing because all it looks at is how much bitcoin people buy and how much bitcoin people sell, there are no regulations no nothing so there is nothing stopping people from doing whatever they want in the market as well.
So, long story short if one day people wake up and everyone decides to sell bitcoin price will be 1 cent, if one day rich people all wake up and decides to buy bitcoin will be 100k+ all depends on what the people that are interested in crypto will do.
I agree. It all looks like fortune-telling on coffee grounds
