It seems that we are in a Bitcoin drawdown right now, but there is hope on the horizon (well 2 years from now). At each halving Bitcoin has rallied higher and hit a new all-time high. This cycle lines up with the presidential election years. So you may want to DCA(dollar cost average) into BTC now. The three instances are 2013, 2017, and 2021 when the Bitcoin rallied after halving in 2012, 2016 and 2020. So the next halving is in 2024 which possibly means a rally in 2025 to new all-time highs. Bitcoin is deflationary and could be welcome at a time of high inflation so lets pray and wait, and hope bitcoin hits $500,000.
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The 2024 halving is predicted to be April - May 2024