I believe the op's expectations of $30-40 by the middle of next year are reasonable, as well as the eventual $100k target. There is no guarantee that this will happen, but it's realistic, given that the bear market has been going on for a while and more than 6 months from now is a big amount of time.
I do also agree with buwaytress that spenders matter because they legitimize Bitcoin as money, show that it is used this way. So we should never tell people who want to spend BTC (not panic sell BTC) during the bear market that they shouldn't.
But hodling instead of panic selling is a good advice.
Holding is a good suggestion that must be applied when the market continues to fall, panic will not solve the problem, panic will only make our assets disappear when selling at low prices and of course, it will be detrimental.
I agree, unless we are still at profit where we can sold our holdings at a profit and buy again when the market crash, we must hodl when the market is crashing. When we see the value of BTC crashing, as long as we don't sell, we only see paper loss which can be recovered when Bitcoin price surge again.
This bearish 6 month has been a sign that bitcoin will hit a bull market again soon. Whoever becomes a diamond hand by holding on as hard as he can gets a lot of benefits. the $100k target as the OP said is not wrong, it's entirely doable or not, but I believe bitcoin is over $100k.
Not soon, I think we can see the sign of Bitcoin bull either 4th quarter of 2023 or 1st quarter of2024, some months before the halving.