BTC price at 22 october /26: 75300 USD
BTC price at 25 January/27 : 58900 USD
BTC price at 17 July/27 : 78600 USD
There have been a lot of negative forces this year: AI competes for investment among a very similar set of investors; liquidity is tightening; and there was a ton of speculative excess baked into the price. Recently there's been some upward momentum as part of a "debasement/chaos trade", but I think that the negative forces are not fully exorcised, and will reassert themselves before the end of the year. I think that the potential for
strong, lasting upward movement won't be until around Q2 next year, by which time those negative forces will be fully shaken out. But July still seems early for anything too extraordinary.
