@firepower I have just written a piece answering why we can't compare this year's BITCOIN to the BITCOIN of the last few years since the futures market now make it a new animal. So, I doubt this cyclical behavior will appear again.
https://steemit.com/cryptocurrency/@rksleung/what-a-day-in-cryptosphere-new-behavior-today-in-the-market-don-t-miss-it

If possible, please help me to retweet this since I really need more audiences given that I have just joined 10 days ago. Much appreciated.