Quote from: goldade on December 22, 2017, 06:41:33 PM

Quote from: dylanarora789 on December 22, 2017, 12:09:09 PM

Why bitcoin start going down and down will it goes below 10000$?

The reason for the downfall in the price of bitcoin is due to the high rate of selling of bitcoins for the festive season.
Going through the site's market cap, we will see the reason for this downfall as there are a lot of withdrawal of bitcoins into fiat.
I'm very sure the price of bitcoin will bounce back before the middle of January.

Yup the reason what you aid is right, people are converting BTC to fiat to enjoy their holidays. That is why the price is dropping and some panic sellers also selling their coins. But next month again it will pick so don't get panic and just watch the market how it will fluctuate in coming days.