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.
2017 recent escape above channel:
2013 last two bubbles: