Raoul Pal, a well-known crypto analyst, has declared the end of the traditional 4-year bull cycle, predicting an extended 5-year cycle with a parabolic surge in 2026. Pal's analysis suggests that Bitcoin could lead a significant price rally, driven by macroeconomic factors such as interest rate cuts. Pal's insights challenge the conventional timeline of bull cycles, noting deviations from historical patterns, including Ethereum's new all-time high and the absence of a traditional altseason. His predictions have sparked discussions among traders and analysts about the future trajectory of the crypto market.