The bitcoin is repeating the movement pattern made in 2011 to 2013. Being a congestion period on the lower channel until the lower channel is broken to seek the upper channels in 3 major movements.
Based on the correction time of 2011/2012 and that of 2014/2016, a factor of 1.9244 was observed, which allowed us to predict the duration of the next correction.
*Analysis made for curiosity, which should not be used as the basis of investments by other people.
It follows a more concise projection for a longer term. See white lines.