Honestly I think the Bitconnect collapse has hurt Bitcoin in a lot of ways. The constant flood of Bitcoin moving in and out of their platform was creating a lot of action and volume for the BTC prices.
Without a constant flood of people buying and using Bitcoin it has slowly been losing value.
Very true. That patronage of people using bitcoin really made the value dropped. Because I can remember 2years back when it was recommended that I can purchase items on ebay and Ali express foreign online shopping with bitcon, bitcoin was at his peak and i made x5 by investing in it. But now,other high preferred crypticurrencies has made the market for bitcoin fluctuate badly. For reason i havent really phantom because its all same crypticurrencies but i belive its how these various ones have beem accepted in various nations. But still and still, i got bitcoin back until it gets a value as before and even more