Possible crash to $3500 (or even $1275!) ahead with a V bottom quickly slingshotting back to new ATHs within a short period of time.
Details here with charts.
(also click “View the direct parent” there for prior discussion including analysis of the recent US Senate hearing on cryptocurrency regulation and ICO crackdown coming).
Also this chart from zerohedge:
click to zoom
Btw, the above chart is misrepresenting the crash from 2011-06-09 to 2011-10-20 as shown on 99bitcoins.com from $29.58 to $2.31 in 133 days, thus -78%. Actually I think the intraday peak was above $32 and bottom closer to $2.10, so another 80+% crash (roughly about -94%).