Bitcoin has followed a power trend consistently, which is how networks typically grow. Current price of $88k is below the trend (~$114k on my model, varies a bit depending on which data was used to fit the model) and Bitcoin has been this much below the trend only about a third of the time in it's history and well within normal variation. In one year the trend sits at $158k and to the current price level will be at the 5th percentile meaning that the price typically is above that level 95% of the time. Obviously network growth is not the only thing affecting price but these other factors are the drivers that push the price either above or below the trend.