~snip~
The only question is when will it happen? Well, if we look at how fast inflation is going down, I can assume that it will probably go down to the expected 3-4% in the Q4 of 2023. So I'm not expecting a bull run until 2024.
I would write it in a much simpler way, because regardless of inflation, stocks or even war, most people expect a new big bull run to happen after the next halving, which means in the second half of 2024 or during 2025. As for investors, especially small ones, they all want to invest for as short a period as possible and are looking for some kind of winning formula, but now they are faced with a big doubt because despite speculations that the bottom will be even closer to $10k, the exact opposite happened.
The majority of us are expecting or at least hoping for a new bull run somewhere after the upcoming halving because there seems to be some correlation between the two. However, what if the economy is in a worse condition than it currently is? We certainly can't expect much growth currently since the market has been going downhill for the past few years, but what if the condition is worse in the near future? Could Bitcoin still thrive?
The OP is also claiming that there's still a possibility of the market crashing again, but in my opinion, Bitcoin is unlikely to fall below $20,000 again.