It could be running side ways for awhile. It may look more like the red wave and in your graph. Seems $9 grand is the threshold it is trying to break and maintain. May should be an interesting Month, the big hedge funds want in. Lets see what congress does in the U.S.
A lot of institutions are waiting for legislation not only in the US once that happens prices will explode but if a new fud comes out like china ban or korea ban fud more depressing times will follow