No one knows what will happen in the short term, but:
The ATH ($69,044.77) happened in Nov 10, 2021.
The current
hodl line is at 3 years, 4 months, and 4 days.
That means we'll see a new ATH at least on Friday, 14 March 2025.
If the history repeats, we will see a new ATH in the next 3 years. But when the adoption is totally different from the last few years, we can have a new hope that the new ATH can come 3 years later.
The previous ATH happened after the Q3 (if I am not mistaken but I am sorry if I am mistaken) so if that happens in the next 3 years, it could happen between Q2 and Q4 end of 2025.
This dip will not stop at $34k but we already see the lowest dip after at $34k from the last top price at $69k. Hopefully, it will not drop to $30k.