All chart, patterns and graphs its pointing towards the fact that we are closer to a bull run now thn ever before. With the adoption of crypto currency by facebook and other top gaints its clear that we going mainstream
Actually I like to see this chart if we're comparing it to the current status of bitcoin. The alts have tanked that much and you can see a big difference for most of them from the chart given by op.
This means that bitcoin has recovered much and has nearly brought the alts to its season. I'm positive to see the bull run since there will be more news upcoming regarding Bakkt on July 21 (IIRC).
Firstly, the chart posted by OP is outdated and speaking about been closer to bull run. I also believe we are closer to another bull run but looking at the current status of the chart I don't see a bull that's much strong and with the help of Bakkt news the market will gain another slightly support but we shouldn't keep our hopes in getting a positive news now.
The market just plunged and I'm aware that the chart was outdated. Although bitcoin tanked also for this day, look on how much bitcoin was during the time this chart has been posted.
Why shouldn't we hope for positive news? if you are bearish most of the time then you can tell things like that. But if you are hoping for a pump, you're expecting something about that news. It's a big news that can really move the market up.