RE: Since Mid-2016, Bitcoin has had 6 major bear and bull market cycles

I thnk many people are still seeing Bitcoin—and all other cryptocoins—as a magical thing that will keep going up and up and up.
It's a market! More volatile than others, but a market, nonetheless. So, it's subject to offer and demand. Every bullish period have its bearish one.
But the problem is trying to figure it out as it were some kind of magic.