The price movement of Bitcoin over the last year has been extremely intriguing. We haven't witnessed that significant drawdown yet, which has prompted some to believe that the cycles have shifted and that we are now in what is known as a super cycle (bull markets and mini bear markets). People on Twitter speculated about a supercycle earlier this year, so it's not like it sprang out of nowhere. Personally, I believe that the conventional cycles have now been disrupted. But I'm interested in what everyone else thinks.
I think that without a doubt something is going on, however it is difficult to tell, after all during the last three years we have seen world events that have disrupted our understanding of it in a manner we have not seen in a very long time.We had the pandemic which changed our lives dramatically and now we have a war going on which has affected the markets tremendously, so it is impossible to obtain clear answer to your question as those two events influenced the markets significantly, however even then a close inspection of the market leads me to believe that the supercycle theory has some ground behind it and we will see if it holds up during the next years.
