Bitcoin price is going down after sudden rise in 2017, November. After that its value is moving around 5k$ to 7k$. But why this price is not increasing anyone. In my opinion there are so many reason to going down the btc price. Here I have discussed only a few things.
Google banned on bitcoin advertisement that that creates fear among the investors, though they are running some adds related to bitcoin mining.
Facebook banned on btc add. In many cases bitcoin attracts investors by facebook add. Since facebook banned on btc add it creates negative impact on price.
South korea crack down is another cause. Since most of the bitcoin investors are South Korean residence, their banning announcement on bitcoin create a negative impact.
Currently there are more seller than buyer in the market. This is one of the major reason.
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