Why was bitcoin dumping a few days ago?

[ExtraPoint]

But a few days ago, the price of Bitcoin was much lower and then everyone started saying why the price of Bitcoin has started to decrease.Bitcoin prices are rising again Now many people are saying why the price of Bitcoin has started rising again.The price of coins in the cryptocurrency market is always up and down which we all know.The price of Bitcoin was declining but now it is rising again but Bitcoin may touch 100k$ this year.

[damsix]

Why is Bitcoin now up to 62,000 USD?
This question is very simple and very easy to understand because this is the best factor for all and everyone also understands the function of Bitcoin for future investment.
Don't be complacent or afraid when Bitcoin dumps in a few days or months someday the Bitcoin price will pump again.

[Sumi]

You can't expect the Bitcoin market to keep going without price correction. Some persons are there in the market to take profits at any point in the market most especially when the market is approaching a major resistance level @58k in week take frame. Bitcoin will keep having a major rejection in this area until is able to break that resistance level in the week time frame

[ranaprime]

Bitcoin is the high volatile crypto currency. A large number of amount trade in every second. We all know that normally crypto currencies get up and down by the effect of different kinds of positive and negative news. Some days ago china ban crypto currency i think that was the main reason to dump bitcoin price.

[nakmantu99]

We all live in the cryptocurrency market.  But a few days ago we saw that the price of Bitcoin has dropped a lot in the cryptocurrency market.  I do not know the reason for the dumping.  So if you know, please say below.  I hope you will say a little.

Bitcoin is going up and has touched 61K USD mate
No worries about market.
many people believe we will see the bullish season at this year.
Dump and pump are always happen.
No matter, we can get profit from it.

[Lifetime]

Bitcoin prices The price of all coins, including Bitcoin, began to fall due to the release of China's Ban News a few days ago. But the market has improved again. Bitcoin prices and other coins have started rising again. So investing should continue without expressing frustration. Because the market situation is likely to be much better than before.

[Tunir Baap]

If the market is always on the rise or if the market is in this position all the time then we will never see the existence of cryptocurrency in the market. Cryptocurrency consists mainly of pumping and dumping. The existence of cryptocurrency has survived so far as the Bitcoin market has fluctuated. Dumping the price of bitcoins is a very normal thing.

[Papusha20]

I have said in many places before that the price of bitcoin is more or less normal.  Because if the investor invests, he will definitely invest in the hope of profit.  So the price of Bitcoin has been declining for some time and will increase more than that again.  So it is not normal to comment on the fact that the price of Bitcoin is lower.

[Sumaiya2]

There are many reasons behind the dumping of Bitcoin prices, one of which is investors and the other is gas fees.  Based on these two factors, I think Etherium coins are being dumped and its popularity is declining day by day.  Because of the gas fee, many investors are not able to use Etherium Wallet.  Due to which Etherium is ruining the reputation of the current market.

[Paglamon]

Bitcoin has been able to set new records. Because the price of Bitcoin is much higher than before. So I think the price of Bitcoin will set a new record again. So there is no end to the speculation about Bitcoin.Investors on Bitcoin are now much happier, as new records for Bitcoin have become available. So I don't think it's possible for Bitcoin to fall in the short term.

[Casual]

The cryptocurrency market is never stable. Suddenly it is seen dumping and pumping again after a while.  A few days ago, the price of Bitcoin was actually dumped a lot, so many people thought that maybe the price of Bitcoin will come down to 15-20 thousand dollars. But now we have seen again that the price of Bitcoin is rising like a bull race. Now it is seen again that many people think that the price of Bitcoin may go up to 70 thousand dollars in a few days.

[Coin63@]

One of the main reasons for the recent decline in the cryptocurrency market is the Chinese government's ban on bitcoin and the complete mining of bitcoin.However, the ban by the Chinese government did not bring much change in the cryptocurrency market.

[Mahindra]

A few days ago the price of Bitcoin was dumping a lot but for some time now the price of Bitcoin has increased so much that the price of 2021 has increased a lot more than the price of 2020. Bitcoin has set a new record for its past record of $66k I think by the end of December 2021, the price of Bitcoin will be $100k.

[EAA-ALLAH]

A big reason for dumping bitcoin a few days ago is that the Chinese government banned this bitcoin which caused a lot of dumping in the price of bitcoin.At present, it is being accepted simultaneously from different countries, including China, due to which the price of Bitcoin is pumping a lot. Various experts estimate that the price of Bitcoin will exceed one million dollars by 2021.

[Btceth01]

A few days ago Bitcoin was dumping a lot. A few days ago, the price of Bitcoin exceeded 64k dollar. But then bitcoin dumping came in at 28k dollar.And the Chinese government was most responsible for this dumping.