These trends were so hot they stopped Bitcoin and stole marketcap share from Bitcoin preventing bitcoin reaching $100k in 2021. If it wasn't for these hot trends then bitcoin would have easily reached $100k in 2021.
We cannot say that the reason for Bitcoin not reaching $100,000 is investing in altcoins. Investors invest mainly in Bitcoin and in altcoins for speculative purposes. If there are sufficient financial flows, the price of Bitcoin will inevitably reach $100,000.
When I say Bull market I assume the Fed will cut interest rates, soft landing or short recession this year, Inflation does not spike up again, low unemployment, Fed bail outs if there's problems. No black swans like China invading Taiwan and such. Like goldilocks perfect porridge scenario for the next crypto bull market
Entering ETFs may change our outlook on the market, as this cycle may be unique from previous cycles, and Bitcoin may reach levels different from previous predictions, which indicated $100,000 to $190,000. Still, no one knows the amount of institutional money that may enter the Bitcoin industry, and we On the cusp of an election year and expectations of a reduction in interest rates, which means higher liquidity in 2025.
No one can predict for you in light of the rapid changes happening in the world.