We are at a point where we are seeing lot happening in few days. Some say its good for BTC, some say its bad.
I think there are two possibilities present in market (some will say that's always the case, right! But here me out here)
I think this is a breakout, I also think this will be last breakout in BTC's life on upside, but before BTC completely dies out, its still possible to hit previous all time high.