With all going on right now, like the bans here and there, regulations and the rest, bitcoin is bound to lose favor from potential new prospects and the hype alongside.

Markets are bearish at the moment as well. Contributes to a lot as new big money(investors) will see the crypto as too volatile and restrain from investing.

But things are bad now, but crypto is still an infant financial market. There is so much room for improvements. JUST SIT, WAIT AND WATCH.