This is how I generally see the bulk of this year playing out.


I think the $60k low holds overall.
And I don't think it gets tested again just yet, but whether it does or doesn't is not really of importance.
We get a decent relief into the $70k's, and ideally the final flush after that, which confirms that $60k low after 3 drives.
This then leads upwards towards $100k by the end of the year.
I don't think it takes us 16 months to recover to the highs.
The Realised price at $54,000 i think is the major lowest point we will see, and I think it will be short lived.
What do you think?
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