Considering the fact from its past history just after the bitcoin halvings, I can surely say that it will be going bullish and just give it some time because we all know how it ended up last time. Before that most people were in doubt about whether Bitcoin price would rise because they saw that it has never-ending ups and down and it's been facing a decline that time just before the unstoppable spike of the price happened until it creates another ATH. Now, people are back to their old ways again, they never learn and speculate negatively back and might also lose the opportunity to invest early again.
It usually happens as you say, but when most people buy Bitcoin and start waiting, they may experience difficulties in today's economic conditions. They want the prices to increase as soon as possible. Those who follow the crypto market know that expectations are often not met immediately. That's why investors need to be patient.
I think Bitcoin has provided a buying opportunity for a long time. As those who believe that Bitcoin will rise and make a new ATH, I think these levels should be evaluated.
This is only good opportunity if you have the financial capability to buy and wait for undetermined length of time.
Because not all people can hold long-term, and wait for the possibility that it will go up in the future.
Hence, not many people can do such move. The population is more on short-term profits as they have financial needs to cover.
But so long there are people who are going into this market, it means, the adoption is continuously increasing, and so the demand of this currency.
And that means, the price have the possibility to increase in the coming years, as long as there are people patronizing this market.