In my opinion, the 2017 phenomenon when the bitcoin price dropped sharply after touching the ATH record, will not be repeated. I see a very bright future for the bitcoin price. Although there have been some recent price corrections from the ATH level, but at least the bitcoin price won't drop to the $30k level again. I am sure that in the future the bitcoin price will continue to experience significant increases and will set a new ATH record again.
I think the price decline that occurred in mid-2021 was almost the same as the price decline that occurred at the end of 2017 or early 2018, only this year the bitcoin price recovered very quickly and resulted in bitcoin reaching ATH 2 times in one year. a very sharp price decline like early 2018 is still very possible, but of course after that the bitcoin price will recover very quickly as has happened this year.
I think we can say the market is less volatile now than after the bull run of 2017. If the scenarios were identical, bitcoin would have already crashed right now. However, what we see is bitcoin fighting to keep above 41,000$ all the time, while hitting or surpassing 50,000$ sometimes.
Furthermore, crypto market is more mature and solid nowadays. As the number of adopters grows and the coins are split among more investors' hands, the tendency is that a 2017 scenario doesn't happen again, because it will be less vulnerable to whales manipulation.