This week, bitcoin's price gets low. Based on the article that I read, it says that they cant trace the reason why it is getting low. They said it might be because some used to hack and mine bitcoins. They also said that maybe it was because there are new cryptos.
What do you think is the main reason? Do you think its price will still rise?
It is currently the price of bitcoin is still declining and the price is still low. Actually, it is caused by one factor then that factor gives influence to other factors.
For example, there is a bad issue about bitcoin and some countries forbid the use of bitcoin in their country. Then, people, panic bitcoin will die, then they immediately sell the coins they have at a loss. From the panic, these people affect the market conditions, the interest of bitcoin buyers is reduced and the impact on bitcoin prices decreases.