The analysis can be true, but it can also be wrong and there is no influence at all because we know that there are already many stories about this.
I also cannot properly analyze what happened, but could it be due to the economic slowdown or the trade war between the US and China? but if you see the improvement of crypto, it doesn't seem like it is and there are still many projects that fail and become a scam.
Of what use it is to ask question that one will never get answer to, and even if someone tries to use analysis to explain things, that may not be the real thing that is making bitcoin price pattern behave the way it is behaving at that particular time.
Bitcoin system is an undergoing process, and it is a system built for global use, so we will always get some factors from various part of the countries that will make bitcoin to either appreciate or depreciate, but no matter the factor, we all know that there is always a point where we have the presence of bull run and that is when bitcoin peak for the main time, which is the ultimate goal that most of us should be watching out for and be doing everything we can do to make it happen as quick as possible.