There are a lot of factors influencing the price of bitcoin, including technical issues/new alts coming out/regulations/stubborn miners/conflicts between developers(or groups)...etc.
What do you think is the most crucial cause? Why did the price drop dramatically these days? Will this be a rebound point?
Controlled social media, banning of cryptocurriencies in the social media platforms has taken a big toll on the fall. It has make weak hearted investors to stray away fr their investments also the banning of several countries of bitcoin also has a big effect on the market. From the previous 2months the effects could really be felt. But good thing that even with all this bitcoin is recovering and manages to stay afloats🙏