Bitcoin is repeating its spring pattern. We've made a clear chart, but here is the step-by-step text explanation:
1. Formation of a parabolic up-trend with strong upward support. 2. Breakout of the support and a small consolidation below the one. 3. Price rollback above the support to the previous values. 4. Sharp pump above the strong horizontal resistance ($10000 that time, $20000 now) with only one purpose - trigger stop losses. 5. And sharp dump back below the horizontal level in order to consolidate more.
The similarity is astonishing! At the current time we're at the third step.
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