I think with 4 year cycle it'll more like 2016, when BTC's price reach $1k after crashed from $1300 in 2013. And now we have BTC at $15k, its ATH is not far away. But I think the market will develop more steadily.
Literal sense makes you think that the market should perform like 2016 but the market is going in a direction which is hard to comprehend as i was not expecting it break this much resistance in a short period of time, i was expecting this valuation by the end of this year. I am curious to see whether the market will cross the all time high valuation sooner than expected if the market continues to perform like this.