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?
IMO the decline is a result of a bulk of negative press. We all know that press is what drives the speculative investors and when bad news are going on they get scared and run away. And BTC without a doubt has a BUNCH of these kind of investors going around. So this what IMO caused this decline.