Alarmists are to blame for the fact that the price of bitcoin has fallen so low. It is good that they have now come to their senses.
During Q4 2019, a lot of the users were hoarding Bitcoin, assuming that the prices will move up sharply after the Block reward halving. All these people are in deep red now, as the prices have fallen by almost 50% ($12K to $6K). Now some of these people are booking their losses, and it is further crashing the exchange rates. Alarmists and their FUD was always present here. They are not going to make much of a difference.