In my opinion, Bitcoin is still playing out similarly to the 2017 cycle. Only this time, dips are shallower, and the rise is steeper.
Yeah well, the 2017 cycle didn't play out too well, did it? Also, I'm not sure what time frame you're considering with that second statement about the dips and rise, but when I look at a one-day chart like this, I get jittery:

There just may be a pretty significant dip coming our way if, every time I wake up from an extended nap, bitcoin has risen in price by a few thousand USD. The laws of gravity apply to financial markets too, in case you didn't know. I get that a lot of people here are giddy over this current bull market we're in, but it just makes me anxious.