I am still very bullish on bitcoin despite recently crash. Bitcoin is in long term upward trend and the percentage of people using bitcoin is still very small. It will increase over time with more adoptions. The price will go up in 2017.
Nothing's going to rise forever.. and every bubble will have to burst one day. With more people coming to Bitcoin it'll be harder to obtain one: if we'd have 21.000.000 people interested in Bitcoin, it means each of them can have 1BTC if we split the limit of BTC to each person equally. Now imagine having a hundred million people. The price would be driven to the sky.. I think it has a big chance to go up no matter what happens (except if a lot of people lose their interest in it!).