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I am primarily focussing on time-based capitulation. for the price level my bear case is around 35K and bull case is 52K. since it is crypto it is better to add +/- a few thousands buffer =)
price levels are difficult to estimate as it depends on the macro. however, time-based capitulations makes us free of worrying and debating about the price. the idea is if the underlying asset has good fundamentals, it is bound to go up after a certain time-period, due to all the money printing in the world