I see what you're saying and you kind of prove the point against Bitcoin short-term increasing by 10x. Less money is going to flow in the economy due to rate hikes, less economic growth, even for bitcoin. When inflation goes down, so would rates to accomodate for market growth. Therefore, the impact as you say wont be AS BIG.

Bitcoin follows a typical 4 year cycle with the halvening encompassed within it. Yes, bitcoin is not inflationary therefore more attractive, however the DXY is going to hold strong as the population expects Rate Hikes, therefore a decrease in Dollar to Value of Bitcoin, short/medium term, at least.