If you notice a little, you can see that the price of bitcoin is constantly falling down. There are certainly some reasons behind this that I am clear to you if you have such information, don’t mistake to share here. The reasons why its price is generally low is epidemic or regional political, unstable market concern, technical reasons, economic conditions may be called NIM and upward based on these conditions, but what kind of problems can we create here if we have? Everyone has questions.
What’s the matter having btc price down to $85k or below? That is not the lowest price for bitcoin, and if I’m right, this is just part of bitcoin’s volatility wherein price fluctuations is expected to occur from time to time. And even if bitcoin price drops even more, this is not a big problem for the bitcoin enthusiasts, rather it’s a big opportunity that we’re all been waiting for so we can maximize our purchase.
I think it's the expectations, specially when Trump won the election, there could be some investors who think that the price will continue to go up. After all we have seen it a new all time high at $109,000 and so everyone is very happy seeing their portfolio grows.
Unfortunately, after that we have seen lowest low to $78,000-$79,000 and so it doesn't sit well. However, as you have said, Bitcoin market is very volatile, lots of news that affect us, like the tariff war by Trump that many investors see it as not so good for the economy and so investors sold as they are afraid that the price might continue to go down hard again.