Pullback Before Flat Trading?

٤ يونيو ٢٠١٤

It was brought to my attention that before the last bubble roughly around the same time that Bitcoin pulled back and then traded sideways for roughly 45 days right before the Silk Road crash and subsequent bubble.

I believe we could be approaching this with what looks like a head & shoulders pattern.

I will update with a chart of the drop last year and the flat trading compared to what could happen this year if history repeats.