These cycles caused by the halvings are like water in a bath tub, sloshing from bear to bull
A lot of people use peaks to measure the next peak, but it doesn't really work like that.
These 4 year cycles are caused by a reduction in selling pressure which eventually leads to an increase in price which tends to build on itself eventually causing parabolic fomo rallies.
It looks like this:
(Source:
)https://twitter.com/woonomic/status/1292386772370898946/photo/1
- woonomic
The thing that no one really knows is where the next peak will be.
The previous times showed the peak higher than the previous peaks by orders of magnitude.
Most likely that will happen again here, but eventually these cycles will get less and less extreme as bitcoin matures.
My guess is that we have least one or two more of these massive bull cycles though.