There were plenty of speculations in January, when all was rosy. But even in the bear market, many still had the believe that we would see 50,000, some 20,000 and some said 5,000 but here we are at 3787 close to the end of December.
It's difficult to predict a highly volatile market as the price will depend to the actual supply and demand of the market. Many have confidence that they will predict that way but no one did it correctly. Yeah it's a speculative investment those people will predict to create hype or impact to a certain coin but the bearish market had been too much for last year.