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?
It's understood that the reason why bitcoin has to continue dropping and bounces a little because of the drastic increase in supply due to a massive selloff of weak people and manipulators, supposedly the demand should also be higher to meet the basic rule but instead there are some companies usually accepting cyrpto as a mode of payment had been controlling their transactions to prevent loss and to overcome this kind of situation, a large acceptance or mass adoption are needed to attract more payment center accepting crypto and encourage the people to use it not just holding to balance the circulation of crypto in the market.