Well, here's the thing, Bitcoin was likely meant to still be in the bear market somewhere around $3000 or so, but suddenly it went bullish all by itself, leaving everything in the dust.

This was odd to quite a few people that had reconized that it went bullish much faster than would be expected. Eventually, people began to figure out the source of this bull market was none other than a ponzi called Plus Token.

Well, now that ponzi has a lot of the network's bitcoins and has been dumping some of them, hurting the price. Ponzis come and go, but this particular ponzi got an enormous amount of the bitcoins. I think it is unrealistic to believe Bitcoin is going to perform well for quite some time due to the massive dumping that is inevitably coming.