Are cryptocurrencies right on the edge of the biggest dump in history?

I have two possible theories for how the crypto markets will evolve in the short term.

1. The biggest cryptocurrency dump in history will happen in a few days, or
2. We are currently edging out of the bear trap and we are yet to see the real crypto bubble, which I imagine is absolutely thrilling and terrifying at the same time.

One thing I can say for certain is that in the upcoming weeks we are going to see an extremely volatile period for cryptocurrencies.

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sources:
https://www.bloomberg.com/view/articles/2014-03-18/the-stages-of-bubble-mania-ritholtz-chart
https://coinmarketcap.com/charts/![bubble picture.PNG]