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.
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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.