In order to analyze the bitcoin behavior you have to exclude from the equation the FOMO effect (Fear Of Missing Out) which happened on 2017 4Q, it causes an abnormal growth impulsed by the millions of not frecuent users that enter the system just to avoid missing the bitcoin phenomenon. This is off course something to consider but it can be treated as a fundamental analysis fact and if you do that the rising is still happening and we will see a 15K bitcoin this year!
