Do you think we are going to see a huge boom market to something like 200k Bitcoin in 2021 or 2022 followed by a gigantic crash to something like 40k Bitcoin?
I think this is very much possible.
This is what happened in 2013 with boom to $1000 Bitcoin followed by huge crash to $200 Bitcoin, and in 2017 boom to $20000 Bitcoin followed by huge crash to $3000 Bitcoin.
Some people speculate cycles are related to Bitcoin halvening events which happen every 4 years so it would fit the pattern of history if this is what happens.
if we talk about one pattern with another, of course it will seem very irrelevant, because we can see that the current boom with the 2017 bitcoin boom has different tendencies in terms of movement. the proof is that the current halving event cannot be expected to exceed $ 21,000, in fact it actually makes bitcoin even more unpredictable. For the coming year, given the dwindling supply of bitcoins, miners will be narrowing down their land to one another, resulting in a scramble for the miners. It is clear that the price of bitcoin has an effect from year to year. and will increase.