As Litecoin creator Charlie Lee stated previously, a bull cycle is almost always followed by a bear market. Bitcoin and most major cryptocurrencies have had an incredible year in 2017 in terms of user growth, increase in market valuation, and mainstream exposure. Throughout December and January, the market has experienced some of the largest corrections in the past few years.
However, as a bull cycle is followed a bear market, a bear cycle is also followed by a bull market. As the cryptocurrency market continues to recover from its recent corrections, bitcoin, being the reserve asset of the market, will likely increase in value in the short-term.