Scenario 1:
Bitcoin price will follow the pattern established in 2014 thru 2015. The pattern was a long decline from $1000 level to $200 level. Bitcoin lost over 80% of its value. This will mean we will see a steady but small declines over the next 2 years to $200 level.
this simply can not happen for a simple reason: the 2014+ drop was because price went up from a small price (i think it was 50-100 USD) to $1200 in a short time
the similar thing is the rise from $780 to $1150 in the last couple of weeks so the drop must also be to the last resistance not a price that existed some day!
Scenario 2:
Bitcoin price will not follow the pattern. Instead, we will see bitcoin firming at around $800 and then continue to rise in 2017.
What other scenarios do you see in 2017 and beyond?
this is more possible.
but i think it is possible to see so many FUD these days, and it has already started, they create panic and then the whales also dump on exchanges to increase panic to buy cheaper coins we may see another sharp drop and then jump back.
similar to the the 10 minute $850 yesterday.