On the contrary, there was panic last year but price eventually went up to such height and the same increase will repeat itself. I think we are rather going to have a bullish.
The price of bitcoin is cannot be predicted because bitcoin is volatile, volatility is normal, it means that its price is unpredictable to know if its going to increase or decrease. The price of bitcoin will maybe increase or decrease before the year ends, just like last year. Lets just hope that bitcoin will increase and reach its peak just like last year or even higher than that.
This is just a Negative Speculation, no one can predict the market, what to become of Bitcoin in the future, every experts can only Speculate base on their own analysis, look at the Bitcoin status now? you maybe right on your own analysis about the effect of ICO vs. Bitcoin but should be supported by data analysis, With out other coin participating in the crypto market as posted now in crypto market, investors would be sluggish, no excitement, no competition in the market. Beside Market is Volatile.