Bitcoin's misfortune continued until early February. This digital money market slumped unexpectedly. It was also the worst since November 2017, which at that time bitcoin had touched $ 8,561.
now, the bitcoin value alone is in the range of $ 8,900.
is it possible that the forecast of its decline in bitcoin prices is caused by the new REGULATION enforced by governments that prohibit crypto?
Bitcoin is already undergoing correction when it was hovering just around 10k usd when indian finace head said that its not legalizing crypto transactions. It was misinterpreted by media as bitcoin itself is illegal, hence the big blow to an already declining btc. But this too will pass for sure. Fuds can affect the price of btc but it can't bring it down.