First, see the percentage gain of Bull Cycle in every Halving period. It's divided by three: +9000%, +3000%, then 1000%? (see the price)
Second, see the loss percentage of Bear Cycle after Bull Cycle ended. It's always at -80% loss! (see the price)
BTCUSD
Second, see the loss percentage of Bear Cycle after Bull Cycle ended. It's always at -80% loss! (see the price)
BTCUSD