This could be a factor bringing the price into some corrections, but it doesn't mean it will be the main reason. What happened recently suggests that we are turning back low. Maybe I was wrong, but I think the ATH is over already, and we are on the road to bearish again.
As usual, the volatility of the market acted always. Drop is not a thing that worries us because it recovers back. I believe we are not new to this situation, and I think nothing has changed. The same trend we are going to experience.
Its bad news recently why bitcoin get correction several time since going down under $100k until the latest lower price around $78k, but few days later have good news because firstly white house will talk about cryptocurrency and looking forward will give impact for bitcoin recovering back above $100k or keep still in lower price.
Last month until right now, many bad news dominance and make difficult for bitcoin take short time recovering back to higher price as usually when correction moment just take without one week for bitcoin return back to higher price.
I am so excited with good news around few days later when White House and Donald Trump will discuss about cryptocurrency, actually will bring positive impact but wait and see how significant impact make bitcoin easily back to higher price or still difficult moment raise above $100k again.