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Looking at the chart there's a pattern of flatter cycles with each halving, so it will be in character for this to be flatter than the last, which was flatter than the one before it, despite starting stronger.
I don't think anyone thinks BTC is going up 100x from here, so yeah, the power of cycles is diminishing, with each successive cycle. Still, we could see $200k easy before the end of next year, even accounting for a weakened cycle.
I don't think we can put a cap on how high Bitcoin can go, without putting a date limit too. I'll not expect 100× anytime in the next 29 to 50 years, but I think we can get to that amount in more time.