Sometimes Bitcoin cannot be explained using technical analysis. IMO, there are too many fuds recently. Another reason is due to the Chinese New Year in mid Feb, I guess many Chinese will cash out during this period.
But I am confident that Bitcoin will recover later on.
I don't think so this is the reason why bitcoin goes down in the past few days. Why bitcoins pump on last december? Someone is investing money on bitcoins? Or they are all withdraw their money to spend at christmas? I haven't found the exact reason why it was all hapenning But I am confident that Bitcoin will recover later on.
If found ! I will inform you all 