I don't think things are very calm at all.  We're seeing a battle between bulls and bears right now about the direction of the market.  Every day I see more reports of someone using leverage to make a billion dollar bet one way or the other.  We're also in a position where if we do not break the all time high soon and instead drop below $100K, it could be viewed as a rejection and lower highs, which would be bad.

Of course, with the amount of capital estimated to enter the crypto markets over the next few months, as long as nothing stops that then this train should be moving higher.