Sometimes I believe that the merit hunting whores, who seem to have few brains between their ears (assuming ears), bring up some decent points from time to time, which even caused you to mention an interesting point, about when we start to measure bitcoin's prices. 

I hear so many recent arrivers to bitcoin who will cut out the first or second cycle and suggest that they weren't really that important..so let's start from 2017 as the first real cycle blah blah blah.. which Saylor starts from 2020.. and maybe Larry Fink is a couple of years after Saylor., and I am also guilty of mostly starting from analyzing from own my entry time of late 2013.

Even though in recent times, I have started to give a free pass to the first 3 years of bitcoin's price history, and many times, including when I might be comparing bitcoin to other assets (such as gold), I prefer to start from January 2012 in which I like to suggest that the BTC price and the 200-WMA were in the ballpark of matching in the ballpark of $5 each.  Yeah I know that the 200-WMA and the BTC spot price was not exactly matching on that date (see this), but close enough for my own purposes..which also gives the first three years of bitcoin as a kind of price discovery that I would like to proclaim did not count really count very much ..even though surely there were people involved in bitcoin in those early days before 2012 who were both traumatized and thrilled about bitcoin's pre-2012 price movements.