At least, with the way things are going, it sure looks similar and I would not be surprised if we get to see something pretty similar knowing that the huge correction was imminent anyway. Nevertheless, it is hard to always judge the state of the market by what must have happened in the past, so in that way, I tend to always stay with the trend presently and see where it leads, but there is a huge possibility that this can sure happen.

Honestly I am praying not to have a similar year of 2014. After hitting $1200 in late 2013, bitcoin made a low in 2015 January. In between months were full of ups downs which are exact same as what we are having after hitting $19,800 in late 2017. We all need a new ATH right away to break all these.