I think we will be range bound for a good time while fundamentals sort themselves out. I don't think we have lots of buyers or sellers until the market gets more clarity on regulation at least. There is a ton of institutional money on the sidelines and that will be a catalyst for a new bull run. However, more FUD or bad types of regulation as we could head lower.
RE: A quick history lesson with Jeff, Bitcoin Historical Review that is Plus Elliot Wave definitions