Bitcoin exiting its bear market
Typically I am not very big on diagonal trend-lines, but historically each time Bitcoin has broke the larger time-frame downward trend line after a big rally it has marked the end of the bear market. If you look at where we are on the 50 and 200 period moving averages on this 3 day chart you will see we are closer to repeating 2012-13 instead of 2014-15. In 2013 bitcoin went up 10x or 1000% from its summer prices of $100 to $1100 in November. A similar move would give us a $60-90K bitcoin from current prices.
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