Bitcoin never reached ATH before halving, perhaps this time it will be different because it already reached new economic market paradigm saying also goodbey to the classic 4 year cycle.
we also never fell below the previous ATH at the cycle low. But this time was different in that regard as well.
Now we are seeing how an inelastic assest responds to growing demand. And the world hasn't really started its FOMO phase yet.
We are still so very early