We are currently in the penultimate Spring phase of the smaller 3 months Wyckoff accumulation pattern and in the final phase's last Show of Resistance in the 2 year pattern. That would definitely make sense from a market psychology point of view too, as BTC grows in adoption and legitimacy, the applications of blockchain ignite re-evaluations, and holdings are concentrated at centres of wealth (hedge funds, investment banks, private wealth, technology companies). To accumulate a vast amount would require years of patience amidst a highly volatile asset. I wouldn't be surprised if this pattern is also present somewhere in the 2014 ATH -> 2017 ATH.
