Why are you folks so bearish?

A year ago, I built this model that showed a straight line on a log-log scale through the minimum price points in each cycle:

https://www.reddit.com/r/Bitcoin/comments/11u56fn/a_little_hopium_from_my_little_research/

According to this model, by halving day in April 2024, the price should be around 78k. A year ago this seemed crazy, as it would require ATH to be reached before halving, which has never happened before. And woohoo here we are, it happened. I no longer have any doubt whatsoever that the price will never drop below 70k after halving. And looking further out to 2028 and 2032, that projected price seems crazy again. But who among you thought in 2016 that the price would increase 100x by 2024? Sure, the growth will slow down at some point, but it will clearly not be until a third of the world's population adopts Bitcoin.

What do you think about all this?