Why did Bitcoin price drop again?

in #bitcoin6 years ago

Hi steemers.
Due to the fact that cryptos in the morning were in red, i decided to see why price keeps falling.
The opinions of the experts have divided. Some say that the things happening in South Korea and China made people to panic sale and withdraw their earnings Another opinion is that , due to the coming New Year in Asia traders are withdrawing funds to celebrate.
Also it has been noticed that the same pattern occured in the last years in December-January. Whilst some experts find it a clever step to withdraw the earning and quit the bubble, saying that price might drop to 1000$ , other think that now is the right time to buy and HODL as the price could go to as high as 50-100 000 $.
So we will live and see. Good evening everybody!

Coin Marketplace

STEEM 0.18
TRX 0.14
JST 0.029
BTC 57062.81
ETH 3068.42
USDT 1.00
SBD 2.43