It would seem that sentiment has shifted in the crypto space. Late 2017’s reversal at 20k and the subsequent failed attempt at reigniting the bull trend in 2019, in my opinion, have inflicted serious damage upon the psyche of investors. Flipping sentiment will take time, possibly years (see: gold ), and so I anticipate continued selling or stagnation. How low will it go? That is anyones guess, but I would advise against holding Bitcoin presently.