BTC Marketcap overexuberance

Taking a different perspective - we could consider we have been in a horizontal channel if we exclude the 'MUSK pump and rewind' which began on the 8th Feb 21 until his 'confusing' u-turn on May 21.
According to mining dynamics, we still have between approx 1051-1500 days to go until the next halving which suggests we're just only just past halfway on this cycle.
There could be very interesting times ahead!