Chinese New Year can give a small impact on bitcoin's price but not for too long and not that big. Unlike with the traditional New year every 1st of January, not everyone are celebrating Chinese new year and the preparation is very different during Chinese new year. Especially outside Asia, I wonder if they also celebrate Chinese New Year that much. However big Chinese investors can change the game but don't really expect that it will give too much impact.
There's significance that Chinese investors can work together and made a huge impact inside the market, knowing them as a good business manipulators chances that the current value of any crypto coins that the'll going to pumped will really get impacting movements. It's barely needed
to understand and not to fall too quickly but to analyze the chances of riding.