Here is my prediction that will happen this 2017. By the weeks to come, bitcoin will dump and will stabilize to a price below 700$. It will be stuck at that price by months then after the end of 2017, bitcoin will have a bullish rally again and will last till the end of the year. It might also go the other way around depending on what will happen this year that will affect bitcoins price.
That is my thought. it will be down at 650-700$ after then it 's in sideway for 5-6months before it comes to a big rally again. Maybe it will reach 1,200$ at the end of 2017. I do not believe in this bull trap .