I believe that the first phase, YES it was the first, of the bull cycle is done. This means that the SECOND phase will begin! The current price levels are in a zone where everything is still believable. But by the end of this phase prices will be absolutely and utterly in complete INSANITY. 

EVERYONE who has been accumulating and HODLing their Bitcoins will be richer by the very end of the bull cycle. FASTEN YOUR SEAT BELTS AND BUY EVERY DIP AND HODL.