Its going to be sideways and down for years. Nobody is interested in crypto anymore, so there are no new investors.

From 7000 to 20,000 = average joe, who will not come back. 4 percent of western world has already invested in BTCc, which is a huge proportion for a speculative asset, considering the fact BTC will never become widely used (at least not in the coming 50 years). I'm sure gold doesn't reach 4 percent. The fact that big institutional investors never were interested in crypto and will not be interested in crypto for the coming years, means we have a problem. Cause if average joe doesn't come back and institutional investors don't want to invest in crypto, where will new money come from? Only possibility left is from current investors, but they already lost too much money. You need extremely good news to get more money out of your pockets.