I think this is the last stop for bitcoin. Dont think it will ever reach a new ath. Problem is everyone is tapped out. And once burned, twice shy.
At first it was the early tech crowd. They had it easy. They bought BTC for $10, $50 and maybe a $100 at the most. Then there were the people cpu mining it and then gpu mining it, they got BTC almost basically for free.
Then there were the guys that got suckered in buying it at $20k - $60K range. They will never get their money back. Tough luck. They will remind others that it is simply a pump and dump at best, and a ponzi at worst.