Its also an interesting questions raised. 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 mean it makes sense when we are at this point where bitcoin has grown a lot compared to before. Of course there is more significant growth back then when the price is still low. Basically you can see the movement so much when it came from 0 to 100. While now it may be difficult to reach the same growth as it did back then. This is not to say that it will not grow anymore but we should not be expecting for it to grow as much as it did back then in one cycle only. We can probably expect bitcoin to stabilize a little more than its previous years because of just how big its value is currently.