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.
They are what we call profit takers, so if a whale starts to sell bitcoin and does have enough profit other small time investors will also follow. And this make the whole price of bitcoin drop again and as everyone has been following, the panic sellers will come in too.