So much have been in the fore play in Bitcoin and to that a lot of issues have forced Bitcoin to behave in the current behavior, from sec calling Bitcoin an anti-environment and eco friendly even though we know all this are campaign of fallacy championed by anti Bitcoin crusader.
8 months low? I thought this was 18 months low right? We have never seen bitcoin going less than 30k since last December as far as i can probably remember. I am sure it is not because of this anti environment fallacy and definitely not because of fed doing some random things with dollar because if that would have been the reason I am sure bitcoin would have pumped instead of going down. It's just mere market manipulations that are going on and won't stop until there is some good bullish consolidation.
I believe Op was referring to the Bitcoin price from the last ATH which is actually more like 7 months as we can see however, I do believe that the price continues downward is more of the usual market manipulation even though we cannot rule out the Fed influence as well. The market witnessed new kinds of investors over the past year and most of these investors are more from financial institutions and are also quick to react to Fed news which can also negatively affect the Bitcoin price.