Hearsay and FUD are sure surrounding us to give analysis such as these, but if it is the end of the year it is not likely to drop that far, but if we are not making any progress this coming new year then we might see the $5000 USD and that is really consistent right now the bouncing back was always there and waiting for a proper insight is never really easy in my opinion on whether the price will take aa deep dive or a high rise this coming new year and the unlikely halving that may occur can be devastating because we are still in the midst of a bearish market.
Well to be honest, were already seeing zero progress from the market ever since it dropped down to 7k. Not that its a bad thing though. Just means that the period right now provides stability to BTC. The only reason for it to drop right now would be if some major event happens that depreciates the value of BTC. Just having spent a long amount of time in a small range of value doesn't really give out that BTC would die.
