Bitcoin Price at the Beginning of the 2021 Bull Run: What Happened?

Recent data has revealed that Bitcoin is moving almost exactly like the last halving cycle.
In a recent post, on-chain analytics platform Glassnode focused on Bitcoin halving cycles and price similarity.
In the chart presented, it was pointed out that Bitcoin's daily price movements followed the 2018-2021 halving cycle almost millimetrically, giving a historical signal that the rise could continue.
In those days, Bitcoin, which exhibited volatile movements in the weeks before and after the halving and then entered a small consolidation process, climbed to new highs thanks to the strong bullish momentum that followed:
If we index Bitcoin price performance (black) since the April 2021 ATH (here we claim that bear market sentiment has begun), we can see a remarkable similarity with the previous cycle (blue). In terms of both duration and distance from the April 2021 peak, the market is almost at the same point as December 2020 relative to the 2018-21 cycle.
The Bitcoin halving, which takes place every 4 years, is expected to be completed on April 19, 2024.

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