$250k? Let's not get carried away here. I know the market has performed exceptionally in the last few weeks, but that doesn't mean we should start having unrealistic expectations. If Bitcoin reaches $150k in this cycle, that will be more than enough, and investors will be very happy with that. After that, the bear market should get back and allow other investors who couldn't do it earlier to get in and have since been waiting for an opportunity to buy cheaper.
The lowest price of Bitcoin should keep reducing after every cycle. For example, in the last cycle, the lowest we saw was $16k, and in this cycle, in the bear market, maybe we should see around $30k or something. This way, in the next bull run, we will see a much higher all-time high than this cycle.
In this circle, when we should expect its bear market should be the last quarter of next year, and the year that follows because the market is divided into two years of bear market and two years of bull market, summing up to 4 years of halving season of Bitcoin, which we can say that each bull run and bear market is higher than the other in price.
The fact remains that, by next year we would see a price higher than the $104k we have seen as ATH of this year. The most important thing is to learn when to sell rather than being carried away by greed to miss to sell at a higher. $150k is still a good price for one to sell their Bitcoin holdings