I think the $17,000 hike correlated directly to the media frenzy which has started to tail off a bit.

Although BTC has it's problems and may not be the forerunner in the long term in Cryptocurrencies, I do think that the result of bringing it to the mainstream via media outlets - is that it is ingrained in the psyche that cryptocurrency is the real deal for the future of currency. Hence we will see an increasing no of financial instruments related to BTC and further Financial Institutional investing. So I think based on common sense - although the $17k price was driven by media hype and little substance - the substance of the value of the currency will increase in the short-medium turn and with that - more stability.