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.
So, let's collect here the reasons why there will be ATH for BTC.
Name one (at least) reason, please.
Try to mention the basis of the argument that you try to convey, why will Bitcoin not reach ATH anymore? This idea must also be seen based on what your study is, so deciding Bitcoin will not reach that again. The law of demand and supply becomes a considerable basis regarding it, so the connection is clearly something that can be exceeded based on the study of why Bitcoin will still get ATH moments. Price fluctuations will never affect the maximum that can be achieved and for decades whenever I believe Bitcoin will continue to run as it is today and will continue to get the moment of ATH.
The existence of ATH is caused by a recurring cycle, Bitcoin never fails to reach the highest point every time influenced by the cycle and that is why before reaching ATH we can see Halving through the cycle. No need to worry because the Bitcoin journey will continue to look like that and there will always be a process of buying/buying in it that affects.