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With each one getting progressively bigger. Does that mean it is constantly popping but sometimes inflating more than it is popping?

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You only have two samples. Not exactly a fantastic sample size.

There are 2 other major ones in 2011 and start of 2013, so sample size 4.

I'm only seeing two major rises when looking at the price chart (ALL). 2011 didn't make it past $20 and and 2013 was its rise to the Mt. Gox scam.

Are you also accounting for Mt. Gox creating the first one in Dec 2013? Technically, there was only one real big non-manufactured rise and it happened in late 2017.

You have a sample size of 1.

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