Bernstein, a financial services firm managing $779 billion, has announced that Bitcoin has deviated from its traditional 4-year cycle, entering an extended bull market. This shift suggests a prolonged period of price growth for the leading cryptocurrency, diverging from the historical pattern of cyclical peaks and troughs. The firm's analysis indicates that Bitcoin's current trajectory is driven by sustained institutional interest and macroeconomic factors, potentially leading to unprecedented price levels. This development marks a significant change in the cryptocurrency's market dynamics, as investors adjust to a new, elongated growth phase.