I think there is WINTER --- BULL --- WINTER -- BULL
While Winter period is 1-2 years Bull is 1 year.
Every WINTER is higher then before
Every Bull market is much higher then before
Next Bull market will be 42,000B market CAP.
You would be wrong, if you made that assumption, because the Bitcoin price does not follow a cycle or some fixed price trend. We have had periods of 3 years where there were basically nothing happening and then in one year <2017>, we saw a price spike of upwards of 800% increase in the price.
We are now seeing a huge correction phase and this might go on for 2 / 3 / 4 / 5 years, nobody knows.
The thing is, adoption is still happening and merchant adoption is on the increase, so it is not unlikely that the price might go back to the ATH or even surpass that in the future. <How long it will take, is anybodies guess>