bitcoin - correction or bear market?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
if we break this parabolic ascent, I see a bear market, but given the bullish news lately and stopping of FUD, we could just continue this parabolic ascent.
Has anyone comsidered that there is a larger channel formed by the tops and bottoms of the begging of coin low to its original peak and that channelling up. It appear that if they were the case it would be possible to test even greater lows as that support line would be closer to 3k range no?
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