If you look at the long-term chart (1-year-chart), you see that there were regular corrections around the following price points:
ca. 1000 USD
ca. 1700 USD
ca. 2400 USD
ca. 4000 USD
ca. 7000 USD
ca. 18000 USD
Interesting, this follows the fibonacci series: g = (1+sqrt(5))/2 = 1.613034 is the golden ratio.
From one correction to the next, the price increases by a factor of "g"! So how does this series look like then?
1030
g * 1030 = 1670
g2 * 1030 = 2700
g3 * 1030 = 4360
g4 * 1030 = 7060
g5 * 1030 = 11400
g6 * 1030 = 18500
g7 * 1030 = 30000
g8 * 1030 = 48000
g9 * 1030 = 78000
g10 * 1030 = 127000
So the series resembles the actual chart, except that 11400 USD correction, which was (almost) missing.
Let's see for how long this trend can move on ... jumping from one intermediate stop with correction to the next... evidently, it cannot go on forever, of course.
https://www.reddit.com/r/BitcoinMarkets/comments/7kwg9i/bitcoin_price_fibonacci_in_action_again/