BTC blasts off

I am a Bayesian in terms of probability theory. I look for Priors to give me a clue. There are many Priors in Bitcoin that provide guidance on the magnitude of price "Mark-Ups" following prolonged periods of chop.

The most recent Prior from Jan-Mar 2024 would suggest that Bitcoin continues its rally through the end of the year and might reach $125,000 by New Years Day.