This is obviously a bear market, so regardless of any fundamental reasons we should be prepared for another test of $3K and maybe lower. In the mid term, I'm looking for this bull trap to end higher ($5K-$5,500 is my guess) but I have a feeling we'll get a taste of the $2,000s before the bottom is in.
There's something else to take into consideration. Something that may have an impact or not (I expect at least a short-term impact) : it's the launch of Bakkt in 24 January.
So this January may look way different from last year's, at least until Bakkt is launched. And yes, this could bring $5K+; and this could even make the $2k prediction not happen (although I wouldn't bet too much on that).