You may be right Dave. However, there are a few things to keep in mind::

-Bitcoin supply is almost all mined. This means less forced dumping by miners if the market goes down.

-MSTR has said they will be purchasing $42B in BTC in the next 3 years. Those buys can support many dumps.

-Trump is going to be president. Look how BTC performed against an antagonistic government and imagine what can happen when it's embraced.

What used to be run by whales and retail is transitioning o be run by Wall Street. I agree we will retrace after a high sets in, but $100K should be fiercely protected once passed.