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.
Yeah but for me it's just natural that the price of bitcoin falls. There are many reasons why bitcoin drops. But I think the main reason for this drop is the bitcoin since the start of 2018. The price of bitcoin has been recorded before the end of the year. The price is up to 800k and the size of the seedlings since the 2018 intake is in almost half the downside so there are people who are angry and have stopped using bitcoin. Hopefully we will continue to use bitcoin even when it drops big.