A series of holidays is coming. In Europe, business activity freezes in the first half of January. Many institutions, where there is no continuous production process, send their employees on vacation. People want fun and spend a lot of money. Therefore, a lot of bitcoins and other cryptocurrencies are sold. Supply is growing, demand and price are falling. This is logical. Traditionally, cryptocurrency will be able to rise in price already with the onset of spring.
In fact, for several years of my activity on the cryptocurrency market, I also noticed a general tendency for cryptocurrency prices to fall during the holidays and the holiday season, when people relax, buy a lot of gifts or plan some long and expensive trips. Nevertheless, if we analyze the graphs of price fluctuations, then cryptocurrency has been in a downward trend for a considerable time and there are other reasons for this related to the outflow of funds from the foreign exchange market.