A similar correction happened since 2015 every year. In most cases Bitcoin and other currencies were up again 10 days later. This will happen again.
Lowest BTC value tomorrow ~10000 USD. New all time high around 20 February.
This is not based on technical analysis. Only looking at the bitcoin chart at coin market cap.
Good spot, I checked the charts too, you're right, and the theory that it's the asian markets cashing out to fiat for chinese new year.
I wish I had more money to put in to get some coins at low cost, my Neo held strong so might sell some of that to buy other coins