Expectations are far too high. In most cases when the market itself is correcting, just like what it did after last year's peak, people lose confidence and think that Bitcoin will keep going downwards, and that while there is so much positivity going on in the background. While Bitcoin corrected from near $20,000 to $6000 it seemed like a horrible event, but the difficulty kept going up continuously. The difficulty increased with +100% from the first of January this year to where we are today. Peaks are not sustainable and worthy of paying attention to, bottoms are and they indicate growth and a healthy price. If the price was really low as people say it is, the difficulty would reflect that, but it doesn't.
