I have been thinking of the possible reasons of the bitcoin falling down. Since I am not an expert on the Currency I cannot predict or give any reason. That is why I want to know the reasons. Please if anyone can tell me I will appreciate. Thanks.
Bitcoin's price is falling because there is more supply than demand. That's all.There are more sellers than buyers that is why Bitcoin's price is falling.
Now the reason why it is falling? Its because of the current events that is happening globally that causes the sentiments of the investors to go negative. Ukraine-Russia war, inflation in US, Interest rates, recession. These are just some of the reasons and there is a chance that this will go for a long time. As a newbie, just be patient and if you have cash try to accumulate because profits are being made in a bear market or corrections like this. Just don't make bad decisions
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