With Bitcoin, the narrative is that it goes up after every halving cycle. Will confidence shatter completely if it doesn't go up in the next cycle? Hard to te

With Bitcoin, the narrative is that it goes up after every halving cycle. Will confidence shatter completely if it doesn't go up in the next cycle? Hard to tell. Important to remember that BTC has only existed in an easy monetary environment. Will risk assets like this still go up if there is no cheap money available? I appreciate the core ideas behind it and I've profited a lot from crypto. But I don't know if the narrative can hold true in a tight monetary environment