This is correct. But having been around for a few cycles, here's what I've learned:
The halving isn't just a meme, and the past runs weren't random.
Like with nature, Bitcoin's price follows 4 seasons: spring's ups and downs but mostly ups, summer's crazy face-melting ups, autumn's downs and ups but mostly downs, and winter's depressing lows.
Each "season" in Bitcoin lasts about 1 year, give or take a few months.
And we exited winter and entered spring about 11 months ago.
So keep stacking, and buckle up.