Best thing for crypto users, watch and then ignore.
People watch, and react, that's how things have always gone here, and that's exactly what the main players behind the scenes use in their advantage. This market is almost completely speculation driven.
Add that the majority of the people just don't know anything about Bitcoin, and there you have a prefect combination to shake up the market. If people even remotely ignored fud, we would be over $50,000 already.
The $20,000 peak last year is built based on speculation and fomo only. Nothing justified the market to go up that much. Also, technical analysis was proven to be worthless last year because of that, and to some extent still is.
It was one crazy party last year. No one ever could have predicted that.