price has broken at the end of May 2016 out of the downtrend and is heading back into the very large uptrend (blue channel). Support is at 2800 "CNY" which is roughly around 425 USD. If the price stays in the blue channel, then the Bitcoin
price could make a new all-time high in the year 2017 or 2018.
P.S. I originally created this chart seven months ago: