Somewhere within last year, Bitcoin could rise as high up to almost $19,000 and this massive rise stirred up the interest and enthusiasm of investors. Few weeks later, Bitcoin began to experience gradual drop in price and now struggling to regain the position of the almost $19,000.
The question is: What is causing the drop in BTC? is Bitcoin ever going to regain that position and even beyond again? and if yes, when?(prediction)
There is no single reason for the decline of bitcoin from $19000 stage.After mid of 2017,there is only negative news which are coming for the bitcoin.Lot of countries that have put bans on bitcoin.Fake news and FUDs everything in combine are responsible for the decline of bitcoin.Now the question is whether it will be able to regain it's position back? Yes but not as rapidly as it attain for the first time.Process will gradual but the outcome would be guaranteed.