I kind of think BTC will drop further, but it's hard to say. I see a delinking of alt-coins from Bitcoin - which has already happened somewhat - BTC's huge move in Dec was prior to alt-coins and in fact, the big guy fell down while the ants crawled all up him. I see alt-coins going back up - resumption of primary trend, but may fall further still.
I doubt this is the bottom with the amount of monthly volume i'm seeing and it's only 9 days into the month. There's a high probability you'll see S&P reach at least 2200-2400
Easy$3k this year, all those new miners mining bitcoins will give up after they realize the cost to mine a bitcoin costs more than the bitcoin itself... Haaaaaaaaaa