Comparing that graph to the Bitcoin price, they sure look very similar. So it's easy to conclude that Bitcoin has now peaked. However, one could argue that, instead of being in the 'Bull trap' area, we've actually just entered the 'Institutional Investor' phase, and that we're in the 'Take off' area. The general public is definitely not in yet, and institutional investors, afaik, have only just begun to explore Bitcoin. For me personally, I think we will see Bitcoin at $100,000 within a couple of years. But it will surely be a very volatile ride.