Why Bitcoin prices dropped so low a few days ago؟

[arwin100]

As holiday season is present this month of December, let's expect more digital to fiat cash conversion. Many people will have to do cash outs in order to enjoy their money, on several spendings. We can't control that situation, because it's a celebration worldwide except for those who doesn't celebrate Christmas season. Price goes down eventually, and will regain it's value starting the start of the year 2020 same with what's happening from the start of 2019.

Some believes that this holiday only happens once a year so spending and giving is a natural thing, as not everyone is always given a chance to spend holidays in their love ones, I'm guilty of cashing out too this holiday for a gift and to have food and gives to some important people. Will try to earn more next  year as replacement in what I spend this holiday.

That's low percentage only and just an excuse just to have an extra talk with the season but I don't really think it creates an effect since in the first place people invest with crypto have money in the pockets and for sure majority now is saving for next year that's why it's really hard to think why Christmas is been attached with those. But maybe there are other cashing out but for sure they are not thinking about season since they regularly do it even if no season attached.

[Reid]

Because people sold bitcoin. And because of the law of supply and demand, the price dropped. That's it. Don't try to make theories whereas there's really no way to confirm if it's true or not in the first place.

Loved this answer.
It was direct but it is also right.
There is nothing more to explain but just people selling bitcoin at the same time.
When that happened it looks like some event came but behind it is just people need hard cash again. 

[Ozero]

A series of holidays is coming. In Europe, business activity freezes in the first half of January. Many institutions, where there is no continuous production process, send their employees on vacation. People want fun and spend a lot of money. Therefore, a lot of bitcoins and other cryptocurrencies are sold. Supply is growing, demand and price are falling. This is logical. Traditionally, cryptocurrency will be able to rise in price already with the onset of spring.

[Spaffin]

A series of holidays is coming. In Europe, business activity freezes in the first half of January. Many institutions, where there is no continuous production process, send their employees on vacation. People want fun and spend a lot of money. Therefore, a lot of bitcoins and other cryptocurrencies are sold. Supply is growing, demand and price are falling. This is logical. Traditionally, cryptocurrency will be able to rise in price already with the onset of spring.

In fact, for several years of my activity on the cryptocurrency market, I also noticed a general tendency for cryptocurrency prices to fall during the holidays and the holiday season, when people relax, buy a lot of gifts or plan some long and expensive trips.  Nevertheless, if we analyze the graphs of price fluctuations, then cryptocurrency has been in a downward trend for a considerable time and there are other reasons for this related to the outflow of funds from the foreign exchange market.

[Treehouse54]

Suddenly Bitcoin price hike and fall; it's the nature of cryptocurrency. It depends on lots of reasons like demand, supply, market situation, etc.  But, no one can find the exact reason because of hiding the exact reasons.

[Kasabus]

Tell me why Bitcoin prices dropped a few days ago۔ Let me tell you what the reason was۔

Don't get surprised or even get shocked when the market dumps or rise. It is all because we live in this kind of market, the volatility effect seems to be usual at all times. I feel not worried about the current market status for bitcoin cause it was accepted already that we gonna have this sort of fluctuation oftentimes. It was just a temporary change, it will turn back soon in perfect time that nobody else knows about.

[barota]

bitcoin suffer from bear trend since 90 days at latest ; low volume can be the cause of this drop ; and dobt forget some people or whale that want make money by dump when market was in situation stabilization for example when prices trade at level over 7500 usd

[Reid]

Should we really speculate the price for every $500 of a change in bitcoin price?

We are not in the year 2010 anymore. So I guess that should be normal by now.
7,500 is already a large amount and with thousand of dollars in pump and dump that just means something too.

We are getting more populated in the crypto industry and for me that is still a good thing as we want bitcoin to have dominance in usage.

[barabarian1]

not only a few days ago today bitcoin also declined. and I think this is common, especially since we are still in the bear market. so this is the usual decline and the value of the decline is also not large we don't need to panic. and also in my opinion the rise and fall of bitcoin doesn't need a reason. the rise and fall of bitcoin is influenced by demand and supply.

[bitcampaign]

there is no bad news about bitcoin so no one will find the reason, because large investors want to see where traders buy support and where traders want to buy bitcoin, the lowest price yesterday almost touched $ 6000, each under $ 6500 price pushed back up, that's where we know where traders want to buy bitcoin, it doesn't seem to be under $ 6000, this is my mind from what I summarized from the experts in this forum, prices are still like this now at the beginning of the year just waiting for a change about the next bitcoin price

[bitzizzix]

Various reasons and opinions about the rise or fall of bitcoin all make sense, but that is not necessarily accurate and the real reason.
we must realize that bitcoin is very flutuative, where prices can change significantly over time and various reasons for the decline in bitcoin can affect or not, and the rise and fall of bitcoin in my opinion is normal and will not always run smoothly and let bitcoin move with what we are will make us unaffected by the news or anything.

[Pinkris128]

Tell me why Bitcoin prices dropped a few days ago۔ Let me tell you what the reason was۔

The reason why bitcoin's price dropped because of the law of supply and demand that everyone who buys bitcoin sold them that results a huge dump on the bitcoin's price, that is why if a lot of people will start to buy a lot of bitcoin it will result a huge bump on the price of bitcoin.

[AjithBtc]

Bitcoin price dropping over the past few days is just the common market movement. There is nothing to discuss much, growth happens when there is more inflow of fiat. I believed the drop during beginning days of the month a sign of growth. Same as expected today the price has once again recovered crossing $7200 from which the market dropped low to $7000.

[Blackdeath]

Bitcoin price dropping over the past few days is just the common market movement. There is nothing to discuss much, growth happens when there is more inflow of fiat. I believed the drop during beginning days of the month a sign of growth. Same as expected today the price has once again recovered crossing $7200 from which the market dropped low to $7000.

Indeed. It's pretty normal for bitcoin to dropped it's price so low in the past few days. Good thing that bitcoin is starting to recover it's price up to $7200. In my own opinion, the reason why bitcoin is decreasing it's price due to the law of supply and demand that a lot of bitcoin users are selling their bitcoin in exchange for fiat.