Two major events have taken place in the last three years... First, greater than 50% of all dollars ever created throughout history, have been printed. Also, the Fed has raised rates to 5%, the highest they've been in Bitcoin's history. That being the case, I don't think we can draw parallels to previous bull/bear cycles.
In my mind, something in traditional finance has to break soon with interest rates this high. Whether that will cause crypto to skyrocket, crash temporarily, or for an extended period of time is anyone's guess. We truly are in unprecedented times, but crypto's momentum never stops, and sooner or later it will be the ultimate winner.