I think market will pump soon. Many good news coming. So uptrend situation seeing. It seems that bitcoin price will touch $40k within 1/2 month. I believe that who are bought bitcoin in $16k-$20k they are lucky. Because they are already profited near about 2x. I also bought small amount of bitcoin now i am also profited. When bitcoin price will touch $36k then my profit will 2x.
I doubt bitcoin will touch $40k in 1/2 month from your forecast because reaching $40k price should support some big news factors to influence market bullish, but I predict at least late year or early next year for stable price of $40k but nothing is impossible for crypto market to reach any price if dominant buying demand increases under certain conditions.
You are a wise investor in terms of managing funds for investment because many other investors have invested at the highest prices because they do not have a strategy of investing in bitcoin at the lowest prices using reserve funds, you are very lucky to have had bitcoin investments for almost 2x profits and if the market has a bullish market opportunity, profits will increase.
We indeed have reach $31k, unfortunately, it didn't have that momentum to hold that price. So if we are talking about May/June price as per the title here, it's obvious that we didn't reach $40k.
But short term or at least at the end of the year, it could be doable for us. Maybe as we approach the last quarter of the year, we might be in some bullish sentiments. So I will not be surprised if this price is going to be touch. $40k-$50k but might a good estimates at the end of 2023.
