You could look at that chart and say that the bear trap was Nov 2013 was the selloff and the bear trap lasted through 2015:
https://blockchain.info/charts/market-price?timespan=all That would put the recent peak at $19,500 as the beginning of the blow off phase. Would make a lot of sense. But it's probably wrong. I think it will go a lot higher. I say that as I slowly unload mine, and I am definitely not buying any now. So it's a completely self-interested statement. But I think I am correct, it will go higher due to organic demand for the store of value.
