I believe you're correct. The pattern closely resembles the 2014 crash. I'll summarize:
Fall 2013, China introduces crypto regulations
Fall 2017, China banned crypto, ICOs, exchanging, etc.
November 2013, BTC ATH.
November 2017, BTC ATH.
February 2014, Mt. Gox problems started that culminated in the Bitcoin Titanic
February 2018, Mt. Gox trustee dumps a load of bitcoins
The recent financial analysts' FUD about BTC heading to $2.8k resembles the predictions they made about bitcoin in 2014 heading to $200.
During the late 2013 and throughout 2014, there were also many signature Elliot Waves patterns where the price rose succinctly then crashed, but then continued to crash lower and not rise as high. We're seeing that now since January till this day, we've seen BTC and alts cross between high 7k and 14k, with the peak slowly but surely getting lower, and the bottom getting deeper.
I believe bitcoin and alts will recover to another peak, but I also believe we're in for more bottoms. I'm unsure if we'll hit $2.8k, but I don't think $5k is out of the question.
I do believe we have more innovation that could help restore bitcoin's price, like the full implementation of lightning network.
But it also sounds like more regulations and pitfalls could be in store for us in 2018, given that the
G20 is pressuring for more international regulation of crypto.