- Countries Regulations.
All Countries are confused in regulations some regulations are done yet but some not by which it indirectly affect to bitcoin price.
- Leverage Trading.
Due to high leverage trading in market fake bitcoin genrated and it majorly affect bitcoin price, the quantity of bitcoin is only 21 million & 17 million mined yet.so it increase price of bitcoin but due to major leverage trading it drop price of bitcoin.
3.fake Neagative News.
Due to more positive news in market some big whales try to genrate fake neagative news so small traders sell tere bitcoin & they grap the chance
4.Investment In Alt Coin.
The major reason is to drop of bitcoin prices is highly investment in altcoin, now a days altcoin perform more than bitcoin thats why invester or trader moved toward altcoin.
5.Hacking of Exchanges.
Now a days hackers hacked almost all top 10 exchanges & after that sell that coin in market that is also a major reason to drop prices.
- Scames ICO.
Due to high sacmes ICO invester also lost lot of money in it, & those person who do scames they goes out with all the money who people invest to get profit.
Regulations and hacking has been the dominant reasons but there is another factor i dont see many people talking about. BTC went up too high too quickly and when that happens it had to come back to. i would not be surprised if it goes back to 3000. we need a slow rise and not a quick one for market to make a mark again.
well said
thanks brother
yes you right, we all want BTC moved slowly but i dont think it come to $3000 as my technical studie
technical indicators have been wrong for a few weeks now. the current bearish mode is more to do with things outside the market. people are scared to invest more as they dont know if the govs will crack down on crypto exchanges or not and security / hacking news frequently are not helping. it may not goto 3000 but 5000 is not too far now.
i know people are more scare about the price drop but it normal i got some positive indicator in my TA where bitcoin ready to take off. see image
its not that i dont see your TA and i am sure it is right but the bearish market has its own control over the charts. the negative sentiments can override the positive signs we see in charts.
well explained article keep it up buddy
Damn those scammers
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@pixelsnapshot and mostly scam and fake airdrops also biggest Reasons on drop btc price