In past cycles, after bottom was in, the trendline drawn trough all prices always ended up being a top valuation in next cycle, indicating if 3k was indeed bottom, a top of only 40k for Bitcoin Core, and 3T Total Crypto Market Cap, by 2023.
Since biggest gains are made at end of Boom, as growth is parabolic, we will likely be only at 10k for Bitcoin Core and 800B Total Market Cap by 2022. This implies that eventhou some coins may certainly pump vs Bitcoin as market dominance typically goes down of Bitcoin Core after breakout/start bull market, Bitcoin Core itself will very likely go to 6k to set new high in undervaluation compared to trendline, and probably 4k to test bottom and shake out bulls so that growth of whole industry, and especially Bitcoin Core, can be slowed down to stay in line with expectations set by log regression trendline.
Allocation recommendations as a consequence are still relatively low, especially if you look at current risk/reward for crypto of only 14% recommended crypto allocation according to Kelly Criterion, and also minority exposure according to MVRV ratio as most people are again in nice profits.
My Crypto Investment Plan:
Projected trendline always had to be adjusted downwards once next cycle completed, if true again next cycle, we will not peak out @ $20T total crypto market cap in 2024, but @ $6T: