Once after the halving, we will experience a new all time highs with Bitcoin till we get to the final one, the market remains continuously being volatile, after the bullrun, the market will fall and rise again and do this for series of times till it arrived at a particular zone to settle in for a while before going more further with intense volatility, but if the entire bitcoin has been mined, the market will still remains as volatile as before.
Your assumptions is definitely that of the past trend, the bull run starts after the after the halving has occurred but the time is what we do not know exactly. Bitcoin doesn’t even reaches the price of its ATH after halving has occured but rather it takes more than a year to get to set a new ATH. This current coming bitcoin bull run will definitely have characteristics that are different to the former ones. This particular one can simply start a full blown bull run immediately after halving or will take sometime. Reasons is because of institutions coming into bitcoin through ETF. The hype around this ETF of a thing even though i don’t believe it will actually have a serious impact on bitcoin price but people will FOMO on any news related to its institutions and that will cause a little market pump or market correction