Looking Back, Looking Forward
With this momentous breakout of the 2 year downtrend in Bitcoin's price, it can be difficult to imagine the possibilities going forward. I find repeating pattern's in Bitcoin's price history offer some direction. The patterns highlighted with the purple arrows are the price consolidation areas in yellow that have with a notable regularity formed near the 0.236 fibline, based off the previous ATH & 1st major correction. Based on this I predict a multi week long consolidation around the $800-$1000 region, market by the yellow triangle, before moving up & above the lower trendline in light blue.
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