this opinion is not based on a chart but a probability % i have no idea of.
the rise before Christmas was a surge of investment to get rich quick, with the fall in price, due to people selling media coverage or other reason. the price return to its previous low point of Aug/Sept last year. Some will have kept their original buy in, these will not be new investors perhaps not putting more in now unless the price is below their original buy in.
After that surge of investment in the currency before Christmas 2017, The new comers also learnt of all the other currencies and a bit about markets elliot waves and other stuff, More will diversify their investment and Bitcoin will rise slower to gain a new high. reaching the 40 K in 2018 is probably still there, but a more realistic outlook might be to 25 - 30 by Dec 2018.
RE: Bitcoin (BTC) Evening Update: A Breach of Upper White Line Scenario