I have wandered a lot on this forum seeking to find a thread where proper description would be given to the subject matter, Bitcoin Cycles" and I have not really gotten to know it's proper meaning and implications. The quest for knowledge took me into sorting for knowledge even though I got some few points I still wish to ask for more insight into the subject matter.

However(just but a part of what I saw), "The Bitcoin market cycle refers to the recurring pattern of price behaviour in the Bitcoin market, characterised by alternating periods of appreciation and depreciation. This cycle is a result of market participants' perceptions and actions, such as buying and selling, and is influenced by a variety of factors, including market sentiment, regulatory changes, technological developments and the wider economy". This occurs within a 4 year period to possibly complete a cycle.

There are 4 phases that completes a bitcoin market cycle;

Phase 1 – Accumulation
Occurs when prices are (relatively) low, but small signs of growth appear. During this phase, forward-thinking buyers will accumulate cheaper Bitcoin and so it represents the point of maximal financial opportunity.

Typically, there is bearish sentiment in the market so volume is low and prices are fluctuating in a tight range, near the bottom.

Phase 2 – Growth
The price continues moving towards the all time high. Halving events in the past have occurred here, coinciding with shrinking exchange reserves as buyers hoover up supply as they look to capture rising prices in anticipation of new all-time highs.

Phase 3 – Bubble
When the price eclipses the previous all-time high, price action will start to move exponentially to the upside pushing the price to a new all-time high, which exceeds the previous landmark by an appreciable difference. This phase is extremely volatile, with rapid price increases followed by large corrections.

Sell volume builds as a portion of investors lock in healthy profits, while many market participants will continue buying believing the bull market has more room to run. As a result, price volatility is low given the buy and sell volumes begin to balance against a backdrop of overconfidence. At this point, many investors would see the Fear & Greed Index flashing Extreme Greed.

Phase 4 – Crash
Following the euphoria of the bubble phase, this is when the market will see a major correction to the downside. Previous bear market periods have resulted in approximately 80% drawdowns from the top and negative price action for approximately a year. The most recent example saw the price tumble from an all-time high of $69,000 (November 2021) to $15,476 (November 2022). Source

Understanding the bitcoin cycle would be very beneficial when it comes to proper handling of bitcoin for long-term purposes.

A more practical experience-based contribution would be much welcomed.