I would like to know your opinion on what factors cause the value of Bitcoin to drop. A brief explanation helps.
Bitcoin price drops because of the investors who sell their bitcoin because they see in a good profit of the current value.They noticed that this is a good time for selling this is the reason why bitcoin price decreasing.
From my observation is that, Some negative news that affects people that is why those people want to withdraw their money from this platform. like in recent time, China government wanted to regulate the ICO then most of the Chinese people have left their Bitcoin so that the price of Bitcoin went down. I believe that only negative news and uncertainty are the main reason for dropping the price.