Good analysis of the current situation.
Even there a analogys to 2014, I don't think you can compare the situation. The market is completely different to then.
At the moment I'm waiting for bicoin either to break out or to fall lower.
If it breaks out I will start to invest again and if the price gets lower I will continue to HODL.
How would you define the breakou?
I think for a real breakout bitcoin needs to get above 10k.
At the beginning of may we nearly reached that goal before the price went down again.