In 2014, we entered a long down market where we saw periods of side ways followed by a slide down, repeat and rinse. Is 2017 shaping up to be another 2014?
Nope, we are looking for a breakout here. 2014 was preceded by the madness of 2013.
The rise in 2016 was not the unsustainable, moon shot that we say in 2013.
Yes, there are a lot of differences in current bitcoin rally compared to 2013.
All the above, the major reason for collapses happened in 2014 must be failure of big bitcoin exchange. Negative news had driven bitcoin prices down. So, we cannot expect same level of negative newses produce same impacts in 2017 too.