its price decline continues until February this month

[airdagon]

Bitcoin's misfortune continued until early February. This digital money market slumped unexpectedly. It was also the worst since November 2017, which at that time bitcoin had touched $ 8,561.
now, the bitcoin value alone is in the range of $ 8,900.
is it possible that the forecast of its decline in bitcoin prices is caused by the new REGULATION enforced by governments that prohibit crypto?

[1714638989]

1714638989

[1714638989]

1714638989

[Herbert2020]

is it possible that the forecast of its decline in bitcoin prices is caused by the new REGULATION enforced by governments that prohibit crypto?

no.
the drop would have happened like this one way or another. the negative news that you keep hearing has been around all through past 9 years. none of them are new. they may have grown in number in 2017 but as you can see price was rising in 2017 despite all the same news being around.

[gabmen]

Bitcoin's misfortune continued until early February. This digital money market slumped unexpectedly. It was also the worst since November 2017, which at that time bitcoin had touched $ 8,561.
now, the bitcoin value alone is in the range of $ 8,900.
is it possible that the forecast of its decline in bitcoin prices is caused by the new REGULATION enforced by governments that prohibit crypto?

Bitcoin is already undergoing correction when it was hovering just around 10k usd when indian finace head said that its not legalizing crypto transactions. It was misinterpreted by media as bitcoin itself is illegal, hence the big blow to an already declining btc. But this too will pass for sure. Fuds can affect the price of btc but it can't bring it down.

[bitfocus]

which means, hardcore investors getting another Christmas - a low buy festival

[elena_rose19]

Countries declaring bitcoin as illegal in their territory may have have negatively affect the price and now we experiencing the price drop. But I don't think it will cause the total downfall of btc, surely it will get back to its higj price. Just like what always happen when it goes down.

[Haley craft]

There are several important reasons.
First, South Korea implements a real-name system.
Second, India intends to ban bitcoin (fake news)
Third, facebook prohibits the placement of ICO ads.

[lamadu3]

Bitcoin's misfortune continued until early February. This digital money market slumped unexpectedly. It was also the worst since November 2017, which at that time bitcoin had touched $ 8,561.
now, the bitcoin value alone is in the range of $ 8,900.
is it possible that the forecast of its decline in bitcoin prices is caused by the new REGULATION enforced by governments that prohibit crypto?

Naturally these regulations and bans affected Bitcoin and the other crypto coins very much. The market fall might continue — the speed of this fall will be changing. Nevertheless, I hope that Spring will bring us good news.

[Jating]

Bitcoin's misfortune continued until early February. This digital money market slumped unexpectedly. It was also the worst since November 2017, which at that time bitcoin had touched $ 8,561.
now, the bitcoin value alone is in the range of $ 8,900.
is it possible that the forecast of its decline in bitcoin prices is caused by the new REGULATION enforced by governments that prohibit crypto?

As much as the parabolic rise of bitcoin is not sustainable in the long run, this crypto bloodbath will not last that long in my view. After the Chinese New Year, our Asian brothers will again bought bitcoin and cryptos. Those regulations have only short term effect, they can't really stop this revolution.

I'm very optimistic this coming February. I'm seeing that there will be ONE good news that will tip all this negative sentiments into another bull run.

[mahibul49]

bitcoin price will gonna pump soon.but i am sure a hard pump waitting.
its right time to buy bitcoin.

[tryer12]

Bitcoin's misfortune continued until early February. This digital money market slumped unexpectedly. It was also the worst since November 2017, which at that time bitcoin had touched $ 8,561.
now, the bitcoin value alone is in the range of $ 8,900.
is it possible that the forecast of its decline in bitcoin prices is caused by the new REGULATION enforced by governments that prohibit crypto?

IMO the decline is a result of a bulk of negative press. We all know that press is what drives the speculative investors and when bad news are going on they get scared and run away. And BTC without a doubt has a BUNCH of these kind of investors going around. So this what IMO caused this decline.

[magneto]

Bitcoin's misfortune continued until early February. This digital money market slumped unexpectedly. It was also the worst since November 2017, which at that time bitcoin had touched $ 8,561.
now, the bitcoin value alone is in the range of $ 8,900.
is it possible that the forecast of its decline in bitcoin prices is caused by the new REGULATION enforced by governments that prohibit crypto?

It's not directly a result of the government's prohibitions and all that. There has been though a couple of governments that have came out with some pretty negative regulations dealing with the crypto market. There are also big businesses such as facebook that have prohibited the use of crypto advertising on their site.

All of these reasons in my opinion have triggered a massive amount of FUD and panic within the bitcoin community.

Price could definitely continue its decline throughout February, but I think that it is much more likely the price recovers somewhat by the time the end of February comes. I just don't see bitcoin going down to sub-$8k for the month.

[mrcash02]

No one knows how long it will take until this drop in price stops. Bad news from governments and its regulations affect the price a bit, but I think the main reason is that big holders are pushing the price down purposely, maybe to provoke panic selling in 'weak hands' holders, so they can buy coins cheaper, or they aren't satisfied with Bitcoins and want to move their money out of Crypto-Currency world until a more interesting currency appears or until Bitcoin improves the fees/transactions issues... I believe this is the main reason affecting BTC's price a lot.