Yes it could be happen, Because everything is possible in cryptocurrency market. If Bitcoin move again previous circle i will not be surprised. So everyone should be careful about his investment. But i think after some down bitcoin will pump and it will hit new ATH and soon we will see Bitcoin price touch $100k. And i am waiting for that.
But i am telling again everything is possible in cryptocurrency market. So we should careful and we have to invest and trade carefully.
Most definitely, this is only a recuperation period for BTC, and after the recuperation period is over, there'll be another Bull run, following the effect of the just concluded halving.
I know that a lot of investors have already lost hope in bitcoin, following the unending bearish trend that has just hit the market because they were expecting the market to be on a steady green after the halving, but they fail to realize that even in the previous cycles, it took quite some time before market entered a bull run after the halving.
Although I don't know for sure if the next bull run would send bitcoin to 100k, but there's been lots of speculations and like you said, the crypto market is so unpredictable and volatile, so it'll be impossible to predict exactly what would will happen in the future, but it'll indeed be a good thimg for investors if bitcoin could set such a historical standard.