This factors can trigger its downwards movement or upwards movement, over a year now general market of cryptocurrency has drop drastically, this effect has cause many downfall of investors and still opportunities for smart buyers who take advantage of the dips and if it continues due to unbreakable resistance more lost will occur pending when it will retract for yielding.
I wouldn't know or not sure which cryptocurrency coin you're speaking of but definitely not bitcoin in that list for cryptocurrencies that have dropped drastically and has being the downfall for many. People makes the mistake of going for shit altcoins with their money after refusing to do a due diligence and research on what coin to go for on longevity for ROI (bitcoin).
But what I noticed is people going after fast returns altcoins and it's now extremely bad with the losses due to how the cryptocurrency space is now flooded with scam exit and rug pull coins dumping on their investors everyday while coins are being developed just to dump soon after.