Bitcoin will surely reach new ATH again. Even though there are no specific rules or laws that require bitcoin to reach ATH, however, if we refer to the 4-year cycle that has occurred where each halving occurs, the price of bitcoin has increased very rapidly to print a new ATH. Therefore, I am optimistic that if the next halving cycle bitcoin will reach a new ATH again.
Who can guarantee this? You?Dude, no one can guarantee that Bitcoin will make another ATH in each bullrun season. Although in the previous bullruns BTC always created new ATH, no guarantee the same thing to happen in the upcoming bullrun. If you check altcoins, there are some altcoins that failed to create ATH in bullrun 2021. It is also possible to happen in Bitcoin. So, we must have a plan to deal with unexpected bullrun schemes.
It's not every year that bitcoin is rising, that's why we have bear market, a time wherein the price is going to nose dive. As you have said, the last all time high is $69k and then we hit bottom last year at $15k. And after that this year we still try to bounce back but we have a long way to go to even get to $40k-$50k at the end of the year.
Of course, bullrun doesn't happen every year, it happens every 4 years.Well, the market is struggling now. After Bitcoin drops below $20k, it tried to increase gradually. We expect Bitcoin to return above $60k again after BTC halving in 2024.
Anyway, I don't think the lowest price is $15k last year. It seems around $16k or $17k.
