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I think it would be the next logical step for his character. He just lost his championship after a record reign, he's gonna lose again this Sunday at Elimination Chamber and then Punk has two paths he could take at Wrestlemania - either getting another crack at the belt (title!) against Cena and Rock or challenging Taker's streak. And we know he's losing both matches, no matter which one he ends up in.
Him taking time off could play well into the whole idea of him losing three big matches in a row after coming off such a historical title reign (I didn't think it was all that historic, but that's another story), even if they protect him somewhat in a triple threat by having Rock take the pin instead of Punk. But this especially applies if he goes after Taker in a desperate attempt to prove how he is the best in the world (by proving Rock doesn't matter since he'll be the one to end the greatest streak in all of wrestling) and then fails to end the streak, regardless of how close he comes. Coming off three losses in a row on a big stage after coming off so many victories before that (his three matches with Ryback involving cheating notwithstanding, since even Rock didn't bring that up and use it against him when Punk was bragging about the length of his title reign), it would work out well for him to walk out to try and regain something he lost or whatever.
Punk is also hurting in real life too, I don't think his knees ever fully recovered and his head is still aching because of the drop that Miz gave him and reports say he is acting as if he's better than he actually is because it's Wrestlemania season. So taking time off would heal him in reality as well.
He could return sometime in the summer, and he should be fresher and his body a little more healed as a result. They could somehow already begin to plant the seeds for a feud with Brock rumored to happen in the fall, and Punk's inevitable face turn (the reaction he would get upon returning would no doubt turn him face almost immediately.)
Him taking time off could play well into the whole idea of him losing three big matches in a row after coming off such a historical title reign (I didn't think it was all that historic, but that's another story), even if they protect him somewhat in a triple threat by having Rock take the pin instead of Punk. But this especially applies if he goes after Taker in a desperate attempt to prove how he is the best in the world (by proving Rock doesn't matter since he'll be the one to end the greatest streak in all of wrestling) and then fails to end the streak, regardless of how close he comes. Coming off three losses in a row on a big stage after coming off so many victories before that (his three matches with Ryback involving cheating notwithstanding, since even Rock didn't bring that up and use it against him when Punk was bragging about the length of his title reign), it would work out well for him to walk out to try and regain something he lost or whatever.
Punk is also hurting in real life too, I don't think his knees ever fully recovered and his head is still aching because of the drop that Miz gave him and reports say he is acting as if he's better than he actually is because it's Wrestlemania season. So taking time off would heal him in reality as well.
He could return sometime in the summer, and he should be fresher and his body a little more healed as a result. They could somehow already begin to plant the seeds for a feud with Brock rumored to happen in the fall, and Punk's inevitable face turn (the reaction he would get upon returning would no doubt turn him face almost immediately.)
