/ignore
To be fair, the (increasingly large) logarithmic spike followed by an (increasingly long) 75% retractment is, probably
the, defining long term pattern of Bitcoin. Personally I think this log spike has quite a bit more to go. Actually, I think it is just getting started. But BNM
has correctly identified the pattern.
Aren't you ignoring the fact that the two previous bubbles were artificialy made by MtGox?
After Gox closed the price just went down to where it should have been, and would have been, had there never been a MtGox.