Will the current cycle be the cycle that we see Bitcoin surge above the $100,000 price-point, AND that it will "never" crash below that price-point again?
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Or do we wait for another bull cycle to happen?
Even if the price of bitcoin goes above $100k, there is likelihood that it may crash below the $100k again because there are investors that marked $100k as their price point of taking home some profits made from their hodlings and these are basically investors that have been hodling for a long time, though not ONLY long-term investors but there are also short term investors who took advantage of the market when the price was increasing rapidly after the United States elections and their target is also to either take short term profits or even sell off and wait for a DIP price to buy back. And also, the activity of the whales also helped the price gained strength, so we don't know if they want to manipulate the market by allowing the price to hit $100k due to their activities and afterwards they sell their coins. So, there will certainly be corrections after the price must have reached or get above $100k.
Another bull cycle is expected within 3 to 4 years and it's still very far from now because it will be around 2028, so we may not really know what will happen to the price of bitcoin by then but for now, let us be more concerned about the price that is quite obtainable now which is the $100k price target, even if the price will go above or below that in the next bull cycle, it will be another topic of discussion when the time comes. No one knows the price that this bull cycle will round up before the bear season comes since this season's bull run may last till the first or second quarter of next year and we are almost close to the price hitting $100k before next year.