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.
Yeah Chines new year can give impact to make bitcoin back with lower price and we must ready hold bitcoin during chinese new year and look have bigger chance with bitcoin going down, but I will trusted with bitcoin halving could give positive way how to make bitcoin keep stable with higher price at the future and keep attack with negative moment of bitcoin price.
Better not hold your bitcoin during Chinese new year because you can lost much assets with bitcoin back to lower price, I think you can sell bitcoin right now and buy or investing when Chines new year day and get lower price, after few days later of Chinese new year bitcoin back to higher price and you can get much profit again, is easy how to manager with Chines new year.
When Chinese New Year, all Chinese people celebrate it, and we know that the biggest mining is in China, so the activity will weaken temporarily. therefore the possibility of bitcoin to down there. but after the activity has recovered, I think the price will be more excited than before