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.
You're right there's an insignificant fall in price but sometimes it's unpredictable to detect what's exactly boosting or hitting up the price at that fall it's experiencing overtime, but I clearly understand that one if the reasons it's the markets trends it keeps fluctuating that's reason being that Bitcoin is still in an unstable rate and thus things can change and affect or influence the price and mostly economic crisis has being one major issues controlling the prices therefore making it go lower than our expectations.
People are selling, and they are not confident on what they are seeing in the market right now. But it doesn't mean that we will continue to see this kind of price movement. Usually at the start of the year, everything is slow.
And then we have like recession still in the background, and so this could be one reason why the price is still trading sideways and we can't get over the hump of $90k-$100k. But I'm still confident that at the end of the year, the price will grow and we will be in a parabolic rise.
It's only normal that the price of Bitcoin fluctuates occasionally, from time to time, so why the fear of Bitcoin dropping down when it will certainly go up. I'm sure people who are selling off their Bitcoin because of fear is due to the fact that they are new to Bitcoin investment or they lack proper knowledge of how the system works. Because anyone who is aware of previous trends of Bitcoin would not hurriedly sell off their Bitcoin due to fear of price drops. They'll rather see it as an opportunity to accumulate more Bitcoin