Although Halving has come close, it seems that there is no optimistic signal that BTC will rise. Currently Corona Virus is making it difficult for the leading economies in the world. And is that the main cause of Bitcoin price drops? Let me give you some possibilities
1. Unemployed people do not have income so they do not dare to invest in Cryptocurrency.
2. The psychology of fear that if we die by Virus and die, investing in Cryptocurrency will not bring anything when we die
3. In a difficult economy, investors need to withdraw assets and sell cash to maintain businesses such as payroll, purchase and sale of goods instead of investing in cryptocurrencies.
4. The disease has not yet been controlled, the economy has not shown signs of recovery, so investors are afraid of not participating in the Cryptocurrency market.
Yesterday we received a positive signal from BTC which suggests a rise in the price after halving. The price will rise as after each halving, at the same time we are coming out of this crisis situation COVID-19. We are also coming out from this crisis
Actually, the price in € crash the 8th or 10th march if i remember, since then the price of BTC just rise again from 3.900 aprox to 6900€ today