Bitcoin's price is getting low

[palvinta]

This week, bitcoin's price gets low. Based on the article that I read, it says that's they cant trace the reason why it's getting low. They said it might be because some used to hack and mine bitcoins. They also said that maybe it was because there are new cryptos.
What do you think is the main reason? Do you think its price will still rise?

Early last year the price of Bitcoin did drop many times from the previous price. But if in my opinion, is not this natural and this is called fluctuating? And now it seems the crypto market has started to improve and Bitcoin prices have started to rise. So basically the low price of Bitcoin is only temporary and will return again to the highest price. So you just relax.

[anussayme]

This week, bitcoin's price gets low. Based on the article that i read, it says thats they cant trace the reason why its getting low. They said it might be because some used to hack and mine bitcoins. They also said that maybe it was because there are new cryptos.
What do you think is the main reason? Do you think its price will still rise?

The market is now growing, and Bitcoin is affecting most of the currencies in the market, it can be said that Bitcoin has grown tremendously over the years and now has more participants. Because of Bitcoin's appeal, the market today has grown exponentially.

[supermam]

There are some circumstances that even business not only bitcoin there are times that it falls but it can recover again just like bitcons its unpredictable its price goes down and up but there will come a time that it will go back to its high price again.

[futuret]

As you can see, for several days bitcoin is in a narrow range. Maybe everyone who wanted to sell their bitcoins did it.

Absolutely, because the users are using Bitcoin with not enough knowledge and therefore sell their coins at low market and face loss. That is why it is well said by someone that a little knowledge is a dangerous thing. This little knowledge leads you to danger. Selling Bitcoin at red market is resulting in decreasing demand for it that lowers the value of Bitcoin. This is responsible for the low value market.

[Ahiaba]

Well, one cannot even compared the extent of lost Bitcoin has undergone from the time in the past till today this is because of the fact that as at late last year the value of Bitcoin was around  $16,000 to $17,000 and come to compared to current value of below $8,300. There are time in business apart from crypto currency business that looses are recorded and equally profit are been made. So one cannot avoid uncertainty in business activities.