There may be a trend of the price dropping in January and then rebounding, but Bitcoin has far too many issues to work out to just say this is cyclical.
Bitcoin appears to be much more trouble than it's worth at this point due to a number of factors:
- The ridiculously slow transaction times
- The insane cost per transaction
- The lack of direction/planning being put into how to improve it
- The lack of actionable steps being taken to mitigate the aforementioned areas of concern
I do not plan on purchasing Bitcoin at this time other unless I want to make a purchase that specifically requires the use of Bitcoin. Even then I would have to consider that a negative aspect of the purchase and adjust accordingly. In other words, it had better be worth it.