If you observe, the price resistance is increasing gradually. It was at $80k but currently, it's at $82k. That shows that the price of bitcoin will pump gradually but a lot of people want it in a rush. I believe that we will see a new ATH in bitcoin price this circle.
The big question is: who's going to pump up the price? Are we counting on institutional investors, if so, on which exactly? Do we believe there are hordes of retail investors just waiting for a good moment to buy in? It's possible, but an average person has a short attention span and tend to lose interest in things pretty quickly. I find it hard to believe that an average Joe who didn't get in during the biggest hypes (be it ETFs or strategic reserve) would be keen to enter now.
And we also have to consider that the credit card debt levels were the highest in history, meaning people simply don't have any spare money to put in crypto.
I guess the biggest hope would be in the supply shock. Apparently, the number of bitcoins available for sale is shrinking. So even if demand is weakening, the drop in supply could still lift the price up.