Halving is the prime trigger of this market cycle.
After halving bitcoin market attracts more adapters and then upcoming year would be full of bull run which may end in bubble region.
1st halving in 2012 --> $1200 happened in 2013
2nd halving in 2016 --> $20k happened in 2017
3rd halving in 2020 --> $63k happened in 2021
4th halving in 2024 --> Bubble again will happen 2025
For convenient of understanding this, we may see the cycle from bubble or halving or crash.
One way is:
Bubble--> crash--> recovery(accumulation)--> growth(halving)--> bubble again.
In halving year, bitcoin usually recovers and trades around ATH level.
The next year of halving is bullish year where ATH of cycle does happen.
All markets are known for surprises. It means, this cycle may get disturbed for any reason even with this current cycle as well.
This is educating and I appreciate this explanation too. There can still be a practical experiences you can share. At least you have been on this forum since the past almost 12 years ago and I know you've had a lot of experiences and at least have been through 3 cycles (theoretically, by literature) of bitcoin (at 4 years per cycle). I am pretty sure that this duration is not fixed but I am already tired of speaking about a term I am not mastering enough.
I still hope to learn better on this Bitcoin cycle. Bitcoin has been pretty bullish for some time now after a protracted Dip. We've also seen a more stable bitcoin chat at between $102k to $109k before the dip and subsequent surge to a continuous ATH. Have I been able to witness the four stages of bitcoin cycle which literature reviewed to happen in 4 years already??