This chart is simply my philosophical view that BTC is a bubble. It is my view that the incoming regulations will drive away many of the people who have been attracted to BTC in the first place, reducing demand and lowering price. Technological limitations inherent to BTC will become apparent as its use becomes widespread which will ultimately limit its large scale adoption. For price to break much higher, large companies would need to adopt BTC for large business to business transaction, which currently is unlikely given the ownership of large amounts of BTC are controlled by a handful of people. This increases the inherent volatility of the asset which makes it far to risky for large businesses to use as a psuedo-currency. Another bearish point for BTC is that there is nothing proprietary about the virtual currency. Competitors have and will continue to spring up. Ultimately this will siphon off demand for BTC while increasing supply of total virtual currency, leading to an adjustment of price going lower.