Many people miss the year 2017 December 16 that bitcoin reached $19,343.04 but now bitcoin is only $6,497.37 so the question of this how we can help Bitcoin to get back to its price again ?
i don't know the technical reasons why the price going down.but I was sharing what's in my mind.
I think it's not it our hand.there are lot of reasons why the bitcoin price was going down.
For Example: few countries was restricted,banned and says illegal of cryptocurrency activities.due that most of people (top investors) was start selling the bitcoins.so the value goes down.
I am from India.in India also cryptocurrency activity stays as illegal but currently the case is on court waiting for Good news to say it was legal.
If restricted countries Adopt the bitcoin .then the more investors will come and we will the price again of December 2017.
The technical reason is that people withdraw their money from bitcoin and putted in Altcoin because low price coins are much better than bitcoin. If the price falls, investors lose small money, but here in bitcoin the situation is different and people have lost thousands of dollars in each bitcoin. They are dishearten and dont want to make any more investment.