So it is the Holiday season and it was Xmas. How many people dived into their Bitcoin hoard to buy Xmas gifts and also paid for a nice holiday with their family?
We saw a huge increase in the price, early in the season and this might have triggered a situation where people rewarded themselves with some "Gifts" for the holiday season.
The direct impact of that would have been a higher influx of coins onto the exchanges and if that was not met with a higher demand for coins, then it would explain the drop in the price.
Did you splash out with some expensive gifts and extravagant holidays with your bitcoins, during the holiday season?
Selling bitcoin decrease the demand so i believe Xmas and holiday seasons caused the drop of price. Before Christmas the price was normal and touching almost 20k when the event come near bitcoin start drooping. I believe people start selling it to buy some gifts to there relatives. But now after new year, bitcoin is back on track and we are again now moving towards 20K and even more in the coming days.