I think yes, but I have no idea about details why it is rising bcs of it.
Anyone can explain me?
I think Chinese people affect the market wit their actions. I don't think they are doing too much investing around Chinese New Year and their absence is what make the big difference.
I don't really understand the direct influence between Chinese new year with bitcoin market? Chinese new year is over and currently bitcoin market is in the recover stage, prices continue to rise, before many people predict prices will go down because of chinese new year? but that did not happen at all and I can speculate that Chinese New Year does not have a significant effect to bitcoin market,