In the two last Halvings we could see that the price followed the same behaviour, a few months next to the halving, the accumulation stage finished and starting the hype stage. we also see that months before to the halving the drop of the price stopped.
if you look the two previous Halving-ATH lines there is a pattern of dilatation.
taked one year for the 1th halving to 1th ATH.
but taked 1.5 years for the 2th halving to 2th ATH.
probably the time of wait for the 3th halving to 3th ATH will take more than 1.5 years.
All time high.
Is a local maximum.