If i'm not wrong,there were almost 300k unconfirmed transactions during christmas making it very difficult to even sell bitcoins to enjoy the high price.Such a situation even made steem to get back from accepting bitcoin payments.
But now,today there were only 10,000 unconfirmed transactions.
https://blockchain.info/unconfirmed-transactions
Yeah it means Bitcoin is not traded much because people are spending fiats to do something instead of Bitcoins ( maybe shopping for new year? ) . But Bitcoin is now back to the "real" valuation and there is no more bubble here.