An epic rise to the moon of bitcoin's price will only happen once Lightning Network has been implemented and the flaws in transaction fees and scalability has been fixed. The trend will always be in a loop of endless ups and downs like a roller coaster ride.
I hope so. It also depends on how many people are using Bitcoin at that time. If too many transactions go out then Bitcoin will drop in price.
I'm still waiting for Lightning Network to be implemented the earliest possible time. Time to shutdown those people spreading news about how high transaction of bitcoin is, slow confirmations.. blah.. blah.. And activating LN will surely have a big impact on the price.
Bitcoin previous records, speak for itself, we don't need to take action for every crisis situation. Just hold on your coins. Actually its better to buy when the price is going down as well. And in the long run, you will see the profit gained from all your actions today.
So what happening, on one hand the first futures contract for Bitcoin price below 11 000 usd just expired. Then, all the Walstreet sharks got their bonuses (so they can spend) around second half of January... Seems like someone kept the price low on purpose, now logically in order to make profit, price will spike.
There might be some manipulations behind, but we can't really say for certain. There a lot of money involved here, and it's difficult for a big whales or institutions to bring down the price to its knees, or I might be wrong. Just saying.