I have to admit that I was blown away by the crazy dumps of the last days, but now, after a complete retrace of november 2013 bubble, I think we are finally finding the floor.
I always find hard to analyse a cross - exchange price (which can be very different, especially for lows and highs), so I created an indicator with the weighted highs/lows of various exchangers (gox, stamp, finex, btce, okc.com, okc.cn, huobi, btcchina). The chart itself is the average between the two oldest exchangers still alive, and btcchina.
Using fans, considering the minimum of $2 after 2011 megabubble and the maximum $1221 of last bubble (the indicator I've written shows $1221 on the ), i think we are bottoming and consolidating between the two 2x1 lines. As the high indicates we are in an accumulation phase that should last 1 or 2 months. There is the possibility of a last flash crash in the $125-$140 zone, but overall, in the coming weeks $165-$180 should be a good OTE . (I think we will retest those levels below $200 because of the heavy resistance seen in the $220 area.)
If the support provided by the 2x1 line fails, we could instead see the same retracement of the 2011 megabubble: -93,75%, which would be around $76. But I don't think the support will fail! :)
for the ATH of $1221, I used $1221 / 3 = $407, always 144 bars after. It is a personal method, but, afterall, there no exact rule on how to draw Gann fans, expect an arbitrary rule of 45° on the 1x1 line.