It seems like the graph stating that the bitcoin market price will turn back down. The chart has also implied that bitcoin has already reached its fame and it will just become a one hit wonder. Again, this because of the negative happening that news, FUD's that always keeping bitcoin agitated and struggling. If only people will tend to understand what is the purpose of bitcoin and why it was been created then probably things like this will not going to happen. As we all know that bitcoin has showed some benefits that a certain organization could integrate the system to make an easier, transparent through blockchain, p2p exchange, and no third party involve that could brought up huge transaction fees depending on the agreement.
However, the bitcoin system is still developing. This maybe struggle or challenge for the bitcoin system. In this year 2018 will be one of the basis for the possible outcome of bitcoin. What do you think of this system? Will Bitcoin achieve another milestone of achievement this year or will not? What could really happen to bitcoin before 2018 year end?
You're absolutely right in expecting prices to go down further in 2018.
Even though some so called "experts" (cough cough Tom Lee) is saying that prices will recover by the end of the year to above $10k, I don't think that this is likely at all. As we saw with the dump from $6k now to $5k where the support is still being tested, the prospects of any long term trend reversals in the next few months seems to be completely out of the question.
I fully expect more sideways movements, and occasional dips to test the support of $4k or even $3k potentially. But prices below that will see major buying resistance given that there's loads of people waiting to buy cheap coins at these levels, especially institutions, it seems. Bitcoin's adoption is nowhere near its peak in my opinion and regardless of what others say, it's definitely still only getting started. Long term investors shouldn't be fazed by this bear market, which is a common occurrence in all markets.