I agree with this point. Since fast falling from $17k to $13k drastically, only takes few days, impact many people stuck in doubly decision between hold or panic sell. With additional news about some countries are starting of ban any transactions using Bitcoin, this is certainly very related.
Since then Bitcoin has been slowly declining, while investors are getting lost in trust, they following in condition panic selling. Actually this is an unhealthy condition for a currency trading especially this Cryptocurrencies, because there is no party can back up if the price has dropped sharply like this.