You are analysing wrongly. Check 2020 and 2021 and see what bitcoin price were. Bitcoin hit all-time-high in 2021. So how come your statement that 2017/2018 was bull year for bitcoin is correct?
2018 was a bear market for bitcoin, just like 2022.
But many people are expecting 2034/2025 to be great and expecting all-time-high because of bitcoin halving. Psychologically, people think bitcoin price will increase after halving.
Definitely on point on which this do really pertains that OP did miss out some spot on his analysis and some research on which it is really that misleading into those newbies who would really be able to read up.
5 year cycle? Not its not it is really hat indeed 4 year cycle on which this is usually getting in line with Bitcoin halving which Bull run do kicks in after several months of such event on where
market prices do really rise up into certain extents on which it is really that way more higher compared into its previous highs and this is what investors and supporters that had been anticipating.
Although, when it comes to crypto investments, its never been that risks-free on the first place on which means that despite on knowing about those probabilities basing up on the history but doesnt mean that it would
really be happening in the future. We do know that future isnt something that assured or really that been known whether this market would really be still getting such demand and recognition or there
would be something new that would be taking up place. No one knows but basing and seeing on the current market condition on which it is unlikely that we would be heading there.
Recognition and adoption is still continuing and there's no way on stopping it midway.