Many expectations of bitcoin this year failed, but I notice that bitcoin always breakout into a new price after interval of five years, the last massive explosion of price was between 2017-2018 and since then, bitcoin has not record major price increase. Now if you calculate from 2018 to 2023 that's about 5 years though because of policy of economic inflation and influence the price has not gain its actual strength to break resistance limits and if the remaining quarter of the year fails even more, then we should expect 2024 to 🔥🔥🔥🔥🔥🔥 fire. We should start to make plans for 2024 more buys more gains.
You missed 2021 that we saw Bitcoin reached the highest price that it has since the invention of Bitcoin. The price was between $69k, it traded at different price but it didn't cross to $70k on any well known exchange that's been tracked by coinmarketcap some exchange traded$69500 while others traded higher or lower. Bitcoin has a cycle of four years and not five. The price in 2017-2018 was $20k before it got the highest price at $69k in 2021.
2024 which is next year is the year of halving, the price of Bitcoin will rise next year but we shouldn't expect anything out of the ordinary for the price of Bitcoin. There's always a mixed reaction for the price of Bitcoin during its halving year as the market might correct right after halving.