This is all cyclical. There is enough support for BTC whenever it breaches a lower threshold. So, it will not nosedive. However, we have to understand that Dec/January was a blip. Its a bit immature to see the value rise to $20k. It had to come down. Even now its trading at $9k. Not bad. In log run, its not going below that.
One more thing: Bad news from china, US has already hit it. So, its time to go up now.