Bitcoin has left the historic blue "value channel" and started on parabolic trajectory into a bubble run once again.
Refer to 2013 years in chart for last two bubbles analyzed.
~Top 2017 bubble price forecast ~$49,500
Watch for breakdown of parabolic line with bearish candlestick/TA to signal popping of the bubble.
Expect significant 68%-80% price drop to occur over spring of 2018 once bubble popped depending on how high it went.
Refer to 2013 years in chart for last two bubbles analyzed.
~Top 2017 bubble price forecast ~$49,500
Watch for breakdown of parabolic line with bearish candlestick/TA to signal popping of the bubble.
Expect significant 68%-80% price drop to occur over spring of 2018 once bubble popped depending on how high it went.
Comment:
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Comment:
Please note the chart goes back to late 2012 so scroll back. I'm not sure how to zoom the time axis - will post another version if too difficult to read.
You can ignore the RSI and CCI momentum indicators at the bottom as well.
You can ignore the RSI and CCI momentum indicators at the bottom as well.