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?
You are correct though cause most of the things you mentioned affect Bitcoin behavior partially and just like they have replied above, Bitcoin is volatile that means it can rise and fall anytime and any day and I don't think we should be disturbing ourselves on the factors that affect Bitcoin now rather we should be thinking on how to accumulate large number of it and hold it so that by the time the bullish period will reach everyone will make something from it and I know that we when this bullish period will come those short term investor will pull out their money and wait for another dip before investing but that is not the best way to go about investment.