But the Gap is not too much and it is just start of year, probably it can go below $3200. Low value chart only make sense who is very early investor. It does not make sense for someone buying in 2017 and selling in 2018 because might bought price will be much more than lowest value.
I'm pretty sure we can go lower than $3k because ETF has been withdrawn by CBOE, Bakkt is likely delayed again, and market could panic because of this and panic sell happens, bear take over and it will go for months. Just like any previous cycle.
Anyway, early adopters will always be rewarded. It's no use debating how can we interpret the chart, as long as you can make profits and decrease your loss without doing any shady things, that's what matter the most.
People tend to look at the long-term performance of any stock, before they consider investing and that is the only positive thing that can be taken from this stats. 
) were really unfortunate if they were planning to hold. Some of them might have sold when the price started to crash, but some of them might have kept patience with the hope that the price would recover soon. I really feel bad for them.