Lee also pointed out that the low point of Bitcoin price usually occurs in the first two months of this year. In the past seven years, this has been the case for six years.
On Wednesday morning local time, Bitcoin traded at a price close to US$10,450. It rose about 2.9% in February but has fallen by nearly 21% this year.
Worried about the harsh crackdowns by regulators in various countries, the world's largest cryptocurrency has plunged from a high of 19,000 U.S. dollars in mid-December last year.
In the past few weeks, bitcoin prices dropped below $ 6,000, their lowest level since November last year, before recovering.
According to CoinMarketCap, the market value of all cryptocurrencies excluding bitcoin has dropped to about $ 270 billion from a high of $ 5110 billion in early January. Recent headline news about large companies entering cryptocurrencies also helps Price increased.