I was talking with some research heads and the following is the respone
BTC if cannot break 35K, there is a high chance of going back to 9500 before going up again.
Expectation is it will hit 100K within 2 years and possibly 1 million by 2030.
The exception is if governments decide to regulate BTC and then all bets are off and its value can be worthless!!!
The value is what the market is willing to pay? if the basic use case of BTC is destroyed by the regulators, then we have a huge risk. So be watchful but optimistic