BTC - History repeats itself so long as humans are making it

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Charts are not random

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Regulation is incoming this year which may cause that drop
I'm beginning to believe this more and more. I just have one sticking point, though. Could you elaborate on why you think there will be another sudden drop before the rise, indicated by your red arrow? The last time that happened, it was in response to some bad news, after which it quickly rebounded because of strong bullish sentiment. Without bad news, do you still think this particular pattern will happen again?
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