Hi guys I am a newbie and tell me please that why the price of bitcoin goes to decrease? please tell me the main reason because I like this coin and when it's price goes to decrease I am very worried.
I think this is caused by everybody tries to sell bitcoin at the same time, and this is happening because of financial need, especially the cost to enjoy the "Christmas And New Year" but impact on the fall in the price of bitcoin.
"I think that was a legitimate panic."
No need to worry, price decreases like this every now and then are expected by now. Since the resistance at $20K was too strong, the price the price couldn't go up through the threshold and had to correct itself. I'm sure it will pick back up in a few days.
I completely agree with the your opinion, and personally I`m not worried about it.
Because, this decline is only temporary and will rise quickly early January 2018.