Let's be honest, market do not follow any rules. There is no rule or law that says BTC should reach another ATH next cycle and next after. What if 69K was the maximum it could reach, and for the next years or decades it will be mostly fluctuating between 15k and let's say 40k.
It's impossible, i expect you to make this assumption maybe if all the bitcoin blocks had been completely mined and we don't know what is going to be the next step to expect after a four year interval of space, but going with what we already have now, bitcoin will always rise and get a new all time high after every four years as long as the halving occurs, this makes bitcoin have increased in value and decrease in supply, which brings about it profitability.
So, let's collect here the reasons why there will be ATH for BTC.
Name one (at least) reason, please.
Bitcoin cannot be inflated and only increases in value through this when the occassion of halving is marked, it value increases and there's profitabilities attached during this period.