Looking at the bitcoin market metrics, one has to view it as in a boom cycle atm.
Ignoring just one metric eg price every other metric is looking good to great.
And the price metric is subject to manipulation, the same as the gold and stock markets are.
Considering the banking cartel have ~80% of the global wealth, manipulation of markets is easy, what they cannot control are hash rates, user numbers and numbers of transactions.
https://coingape.com/bitcoin-fundamentals-adoption-stronger-weiss-ratings/