This chart is more important as it has ever been. In the grand scheme of bitcoin where is it heading? It has failed to break the resistance of this pattern over and over again. Would it be good for bitcoin to hit the sub 5k range? It certainly cannot be worse. It struggled hard to hit 6500. Once this trend is broken we can see some light. Even if that means below this trend. Its quite obvious we wont see a new ATH for years. Safe trading.