With each historical top lower than the previous ATH, I think that Bitcoin tends to consolidate itself in the market and become more stable (than it is today).
I believe that this cycle has great potential to be greater than the previous ones, I cite as a basis the performance of Bitcoin this year, where Bitcoin almost broke 64K USD, almost reaching the ATH even before the halving, this is unprecedented, imagine what it can do happen the following year, which is usually the leg with the highest increase.
We know that this is due to the highly positive moment for Bitcoin, ETH approved, institutional money coming in.
To be honest, I hope I'm wrong and that the infinite highs continue.
There is no way for infinite new highs to happen, as even if the amount of money in the economy is enormous, it is not infinite, so even if the whole world disregarded fiat overnight and only used bitcoin, that will not be enough to make the price of bitcoin to go up indefinitely, so a limit will be reached at some point, however taking into account how early we are and that the halving has not taken place, I think it is safe to say the price of bitcoin could go much higher.