I encourage everybody to check on the Bitcoin Cycles website, as an alternative to the assumptions that cycles start at an halving, the alternative view that cycles start at a top:

Source:
Bitcoin Cycles Comparison(Open the image separately to view it in more detail.)
This chart looks surprisingly much better for this year: The cycle is actually the second best after the 2011-2015 cycle! [1]
This is because of two reasons:
- The fall from 2021's top was slightly less pronounced than the previous ones (76% instead of >81%)
- The recovery was faster, the 2021 ATH at 69000 was reached only 1 year and 4 months after the 2022 bottom. In previous cycles, this milestone was hit significantly later (generally about 2 years after the previous bottom). The 2013 top of $1000 was only reached in early 2017 again (2 years after the early 2015 bottom), and the 2017 top of $20000 was only reached in late 2020 (also 2 years after the late-2018 bottom).
In addition, as @coolcoinz also wrote, it is expected that the cycles get "flatter" due to falling volatility/increasing liquidity.
I also would like to warn to interpret too many regularities out of these "cycles". Many still think of 4-year cycles, but there were only two 4-year cycles (2013-17 and 2017-21, also measured "from top to top").
[1] Small remark: the Bitcoin Cycles website considers 2011-2015 one cycle, which in my opinion is wrong, 2011-13 and 2013-17 are imo two different cycles, and I also don't understand why the second cycle according to the website ends in 2015 - perhaps because it's exactly 4 years away?
