Of course. Bitcoin is overdue for a dump. The recent "pump" towards $100k is due to hype. Especially after Trump won the 2024 elections. We should expect things to settle within 1-2 years from now. I, for one, am waiting for Bitcoin to go back to $30k to buy some more. I'm sure many bitcoiners here on the forums are also waiting for the same thing.
Bitcoin is not a pump and dump cryptocurrency, and it is biggest difference of Bitcoin compares to altcoins.
Bitcoin can surge or plumment but it's not a pump and dump coin, especially in 2024 and 2025 market cycle when its market cap becomes bigger a lot, trading volume becomes higher a lot.
https://companiesmarketcap.com/assets-by-market-cap/It's true that the recent surges in the price of Bitcoin are more or less founded on hype, but there's a possibility it would be sustained. If so, it won't just be a mere hype anymore.
If the US will indeed create a Bitcoin strategic reserve, the dump that many are expecting won't happen. Or if the numerous Bitcoin strategic reserve bills filed in many states in the US are signed into law and state treasuries begin purchasing Bitcoin, this might create a global domino effect and we might be bidding goodbye to a 5-digit price for good.
In short term, such rises are from hype, news effects, but in long term, Bitcoin has made many new all time highs, and made many price bands as Never Look Back ones.
https://charts.bitbo.io/never-look-back-price/Events, policies, adoption things will help Bitcoin value and price growing sustainably with time, and it's what it is.