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)
More people are selling than are buying.
Yes, within 10 years.
Wrong answers. I want to assume that you haven't been around the crypto space for a long time. That's why you said that. The drop is attributed to the bad news that has been spreading by the media about regulations that will be coming to Cryptocurrencies in addition to ico bans in some countries.
Bitcoin doesn't need 10 years to reach its all time high again. Just a couple of months if not weeks. You'll be surprised.