bitcoin slowly went down this year, from almost 20k USD last December and went down at a significant price
what might be the reason why bitcoin's price is going down?
what are the major things that can greatly influence bitcoin?
answers would be fully appreciated
I guess it is the people who are just get their target or their minimum profit in investing in bitcoin so they just sell their bitcoin and it has a possibility that they will buy again the probably the bitcoin's value will increase again so we will just wait what might be the reason why bitcoin's price is going down?
what are the major things that can greatly influence bitcoin?
answers would be fully appreciated
Traders and people who like crypto are the main forces that driving the price in the market. Then other forces come out like market treds and user behaviours. Whether or not they will sell/buy their assets.