I've been just studying Bitcoin graph from 2013 till today and it seems like a good rule that once the btc price skyrockets, it always falls 50% back before it grows another 100% and more.
I believe that this increase and fall of 50% is because people sell to make profits and again repeat the same cancerous cycle when the price increases and reaches another ATH people sell and buy in the fall of the price.
Now there are some things that are different from the past. Last year people had high expectations, it was the Japanese market, then the hard forks and then the futures and this has raised the price a lot, but this year there is not so much good news, nasdaq has distanced of future and banks and governments are now pressure against bitcoin. in my opinion the increase in the price of bitcoin for this year will be very moderate
I expect this trend to repeat in following months when the recovery should start reaching $25k for 1 btc by the end of the year.
as I said, the increase in prices this year will be moderate, maybe in June we will reach the price of $25000