Bitcoin - This cycle is different?

Not really. If you look closely at the chart, each cycle has the 0.618 Fibonacci level acting as a solid resistance zone.

Historically, the price faces a monthly rejection at this level and consolidates below it before breaking out and going parabolic.

However, in this cycle, BTC broke above the 0.618 level without any high time frame rejection.

Instead, consolidation took place above the 0.618 level, close to the all time high.

Even during consolidation, the price never dropped back below the 0.618 area and is now breaking out of the consolidation phase.

If we see a similar trend as previous cycles, we can expect BTC to go parabolic soon.