There is nothing wrong with your view. We cannot look at BTC like we look at a stock we have to look at it with the way halving of the coins has affected the price also. And the trade cycle. We - retail - are only a fraction of the massive interest here.
We are in a world of simulation. We have taken the red pill as the matrix "movie" implied.
One key word is visualization. Think about it, Right now. what does your chart look like. RH, Google, Yahoo Finance etc...is zooming back to when....it is zooming back to 2015. Go back and look it shows BTC at $327. So that scale is wrong to begin with "the simulation". It makes you feel we have had a massive rally from that perspective. That is why I prefer the logarithmic scale. On all crypto actually.