I think this isnt fall ör down. The increase in 2017 was already a precursor of this.
So this level will stay, it is normal for bitcoin price.
Its being long that 2018 had entirely passed and market remained o the downside. Now 2 months of 2019 is going to get over shortly and still btc is at 3500$ levels. We will require some push to happen so that it can take upwards towards 5k levels and more which will get more and more people to join back again this rise.
decreased confidence level and a sense of panic that makes bitcoin still bearish today. and indeed in 2019 this is a great hope for all bitcoiners to see Bitcoin rise again, because for a year we have been tested for psychology