Although I am not an expert I have noticed that whenever Bitcoin has made an epic rise it has sustained some gain even during bear phase to some extent. For example you take the case of 2017, we all know it started from 2400 and made an all time high of 20000. But thereafter to crashed to 3300-3600 range. But the interesting point is that it is still above 2400 and on year to year basis it has hold the gain. It is not the case with altcoins. But for Bitcoin one can not say that it is completely bearish unless it goes below the previous year high. This was the case in 2011 and 2014 also. With that being said I am sure Bitcoin is really an interesting subject as well as an asset.
By the way, thank you so much for delegating some SP.
Correct. Even though it drops after its major spikes, each time, it remains above it's support lines. That's a very positive signal.