The whales now are really capitalizing on everyone taking out money for the Holidays, so Bitcoin will drop further in my books. I see us going sub 4k USD very soon and I doubt in 2018 we will see any big bounce back. We are now going to go through a long bear winter of probably another year of lowest lows for this market cycle and maybe the end of 2019 going into 2020 we might see brighter days. Now the days are bright for those with spare funds to buy Bitcoin and a host of other cheap coins and tokens. I see the CMC next target to go to around 100 billion market cap, taking away two years of profits form the markets.
Yes it will drop more end of this year, If we are lucky we can see bitcoin at 2800$ the bottom, good price to buy it back and be ready for the next bull run next years!