Bitcoin's recent price dump is the trending topic in Crypto World right now.. Why did the price dump?? Will it increase in nearest future??? Or it will keep dumping???
Ok here is the first Reason :
The increased price of bitcoin was not even worth it. It was just jumping without any reason. And the recent price jumping was just like a madness but nothing. In just 1 month it increased by 109.36 %.. can you expect that?? I think the market craze went down. that is why the price is dumping..
Reason 2: I think the price is dumping because of its altcoin BCH.. Current BCH price pumping making peoples invest in bch inspite of btc.. people are thinking they will get more profit in bch. than btc. that is why they are starting to sell bitcoin. and starting to invest in bitcoin cash. That's why for the first time A cryptocoin is shaking the kingdom... which is BCH.
Ok. the real question.. Will the price go up again?? Or it'll go down and down???What's going to happen to Bitcoin??what
Both the reasons which you gave are valid but there are other factors too. The price started to increase when more people started to invest on bitcoin. This investment was causing the price to rise. Now people who have reached their profit threshold level are now cashing out causing the price to fall.