It's a cycle, yes... but now more Wall St. players are involved, so the pattern will evolve accordingly. Every four years, the price of BTC/USD sky rockets and plummets, but tends to stay true to Fib retracements and make all-time highs on schedule.
2025 - ???????
2021 - 69000
2017 - 19666
2013 - 259
My gut feeling is, the BlackRock/Fidelity players will try...
The monthly chart of TSLA clearly shows a very bullish uptrend, mirroring forecasts by the company of continued 40-50% annual growth. Tesla is more than the new Ford, or the new Apple. Tesla is and will continue to be the new Tesla, out-innovating the legacy competition and out-lasting any newcomers. Energy, transport, robotics, AI... the future is blindingly bright!