- The first on this chart is the "parabolic" channel leading up to the Nov 2013 bubble. Here BTC was increasing at a rate of 550% per month, with several large >50% jumps in quick succession. This channel last for 6 weeks before the bubble burst.
- The second is the 18 month bear market, where BTC was losing ~6% per month.
- The third is the recovery which lasted ~24 months, with BTC gaining ~8.5% per month.
- The final channel is the one we are (still) currently in, albeit pushing at the upper boundary. The current rate is ~30% per month.
Lets see if we break out of this channel in the coming weeks. Then I think we're in for the last leg of the bubble. With all the new attention and money flowing into BTC , I'm optimistically for the next couple of months. We haven't yet reached the >100% per month growth rate, but once we do, I'll start looking for a good place to cash out.