First off let me start by saying I am not a "well the partys over" gloom and doom kind of guy. I believe Bitcoin will recover and we will see which, companies, cryptos, and projects manage to withstand this current storm of a bear market we are in.
However I think a lot of folks optimism is wrongly placed in short retraces, wrongly thinking we are now in an uptrend. According to the weekly chart on BTC we will be seeing the price drop much more.
In my humble opinion, I think BTC will drop below 10k again.
However I also believe we will see new ATH's we have never seen on the next run, which brings me to when I think that will be.
Everyone knows that last Bitcoin Halving caused the price to skyrocket seemingly overnight, and I am sure that is what all the whales are waiting for again. We will also see an infulx of new money in my opinion just like we saw in 2020, in turn helping drive the price back up.
All I'm trying to say, is prepare for the 2024 crypto bullrun and until then, be smart and stay positive!