Core Insights - Bitcoin has historically moved in four-year cycles centered around halving events, which reduce miner rewards [1][2] - The price of Bitcoin recently approached $114,000, indicating a potential support level, with resistance around $113,000-$114,000 [4][5] - There are signs that Bitcoin's cyclicality may be diminishing, suggesting that the cryptocurrency market may be evolving [3][7] Price Action Analysis - Bitcoin's recent price action shows attempts to break through the $114,000 resistance, with smaller pullbacks indicating potential bullish momentum [4][5] - The importance of the $108,000 level was highlighted, as it was bought up, suggesting the current bull market may still have strength [6] - Experts believe that Bitcoin has not yet peaked in its current bull market, indicating that cycles may be lengthening rather than shortening [7]