Some unsolicited sage observations and advice from someone who has been through these BTC ups and downs many times:

1) China is the culprit that allows the whales with massive over-leverage to run during the bull stage. They don't say shit when the price is going up (of course), but pull the rug with FUD when they are ready to short. It's all part of their game. Controlling the majority of mining is also part of their game, so they are not going to "crackdown" on mining. That's completely BS.

2) If Bitcoin cannot hold a certain price for very long, then it was massively over-leveraged by whales and was not meant to be. Pay attention not to where it flies high, but where it lands and where it scraps the bottom. It's true SOV value it somewhere along that line.

3) Bitcoin's fundamentals and purpose never change from what they are, not matter the price.

4) Take comfort in knowing that new ATHs tell you where the price will "be" someday, not where it will be now. Notice how old ATHs are eventually left completely in the dust. This new one will be no different than the others. Have extreme patience.