So far, bitcoin has had several cycles that have been repeated in roughly the same way, but each time the growth has been smaller. We cannot say for sure that these cycles will be repeated every time. There are exceptions and failures in any system. The second dangerous factor may be that bitcoin has never faced a global crisis, which is the case now. But you are right that many investors have positive hopes.
While there are many investors who have more expectations of Bitcoin, it can also be a factor that a repetition of cycles like what has happened in the past can also happen again next year even at a different price range. Because improvements and corrections are two things that have always existed in Bitcoin so this cannot be denied by anyone, even though the desire of many investors is for more positive things to happen in the next year.That's why it is called cycle, and I doubt that it will be broken in the next block halving. And speaking of block halving, this is very unique design by Satoshi himself and that's why the price keeps getting higher and higher every 4 years because bitcoin is getting limited and scarce.
So there's no question in my mind that it's possible that we are going to hit another all time high again, in 2024-2025.
The best thing to do is simply accumulate and then HODL in the long run.
