It feels like (and I think this is a pretty popular opinion) Bitcoin price fluctuations are extremely cyclical. It goes with the good rise, then a correction/drop, people see that the price is low and have always wanted to get into bitcoin, so they put their money in, the rise goes back up.
For the past year, we've seen the rise phase exaggerated and the drops not as much. In the past few weeks, we've seen the drop stage take a stronger stand. Just based on these observations from my own side, since Bitcoin is still on an overall rise, I think there's a good chance that those rise stages will be exaggerated again. I don't know if it'll happen this month or even this quarter, but I believe that the rise is bound to happen soon.
The phase looks bigger because new entrants rose exponentially. Hundreds of thousands of people suddenly entered the market which naturally leads to a bigger and longer climb then before, where the same day traders and pump and dumpers where mostly responsible for the volume.