You know what I notice? I've been trading in Altcoins in January, February, March.
EVERY SINGLE ALTCOIN that has risen came down at some point. And it feels like Bitcoin is following the same pattern. Just slower. And NO Altcoin ever rose to old hights again.
Correct.
Merchants report lower and lower BTC sales. Number and size of actual Bitcoin transactions (not bots sending satoshis to other bots) is shrinking. User adoption is shrinking. Increased merchant "adoption" creates too much sell pressure, thus pushing down the price. Miners selling to pay their bills, pushes down the price even further.
In short: Bitcoin has entered its twilight years. With Markus and Willybot gone, there's nothing that can drive price higher. So we'll continue falling.