In this year January btc price was $800 — $1,150 and now it is around $7100.Can we imagine it will increase like this year?
So many things could happen imo.
I mean in terms of fundamentals it lokks better and better every day. CME launching futures pretty soon. This will be the first step for or a later ETF approval. And with that you will see real big money coming in.
With SegWit now being activated and further implementations like Schnoor Sigs and MAST on the way, Bitcoin will evovle and progress even further. This will a total different beast compared to 12-18 months ago. The Lightning guys also are working pretty hard.
With all these forks we've seen Bitcoin shows how resilient and strong it really is. That's all extremely bullish imo.
So we could see a further rising price of course. Maybe not that strong or crazy as this year but still enough to impress!!!
However we should also expect some short term bear or at least consolidation phases. We can't just go up. Healthy corrections are always needed!!!! So buy the dip when you see an opportunity!