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.
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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.