The importance of next week for crypto

This chart highlights the importance of the market for crypto. If bitcoin is unable to reclaim its prior trading range in the coming weeks this could create a scenario as we see above.

The scenario above is where altcoins make their last run. Capital then flows from altcoins and towards bitcoin as the market pulls back. There is no new high to be had during the cycle.

History does not repeat, but often rhymes. Let's hope instead we got a new soundstrack here...