The Bitcoin is going to drop in near future.

The first event that causes the drop-down of Bitcoin was the probe into Tether and Bitfinex, the legal scrutiny of Tether that is one of the stablecoin and famous Bitfinex the margin-trading exchange, about one year later, when both got subpoenas from United States.
The second event that causes the fall of Bitcoin is much complex to understand, the Bitcoin cash’s Hard fork, of November 2020, causes the generation of two new Cryptocurrencies, the one is called Bitcoin Cash ABC and the other bitcoin cash SV. They are listed for exchange and trying hard for dominance. So, due to the fork, the best trading platforms left the trading of Bitcoin cash and shifted towards BCHABC and BCHSV.
The next event that causes the drop-down happened when Giga Watt files for Bankruptcy, these problems came for Cryptocurrencies when Giga Watt filed for bankruptcy in Washington’s Eastern District Federal Court, that they are left with only 50,000 dollars assets and about$70 million credit. The last event that causes was postponement of Bakkt.