Bitcoin's recent price decline can be attributed to a combination of economic uncertainty, regulatory concerns, and market sentiment. Factors such as inflation fears, cautious remarks from Federal Reserve officials, and regulatory uncertainties have led to a sell-off in Bitcoin and other cryptocurrencies. Market sentiment and investor behavior also play a significant role in driving price fluctuations. Despite short-term volatility, long-term fundamentals, including adoption and institutional interest, remain bullish for Bitcoin and the broader cryptocurrency market.
Do you think these are the reasons?
What happens next when the price reverses the decline? Is there a reason why that happens?
Relax. Not always focused on the various reasons behind every market event. When the time has come for an event, just stick to the theory of supply and demand.
If most market players are still vulnerable to issues that make them easily give up and make the decision to sell, that will influence the decline.
If in an annual period there is a decline as has occurred recently, it can still be considered a normal condition.