Main reasons why Bitcoin dropped from $11,699 to $8,550 in no time

Hello Steemians

Hope everyone is doing well.

I just want to share this information to those investors

who don't know about actual reason of big drop in last 3 days.

And I also want to make it clear that if you disagree with my analysis, Kindly ignore it.

Do no post offensive comments.

No one is paying me here for my blogs; therefore,

any offensive comment or inappropriate language is unacceptable in this regard.

I share these TAs, information and lessons here for free.

Therefore, Respect & Love each other on this platform.

Also, I have never requested to up-vote me.

Secondly, I believe in my statements and opinion, and

No one has the right to change my opinions coercively .

Some analysts still believe that price will see 4K or 6k. (However, I do not agree with there analysis)

let's discuss reasons about drop.

On 6 March 2018, Bitcoin was going to hit $11,750, but price went down to $10,671 due to FUD (bad news).

When bitcoin had recovered a little bit, it received another blow in next 18 hours.

Price went down to $9,488 from $10,700.

But within few hours bitcoin recovered & was trading above 10k.

Sadly, Bitcoin received one more blow on March 7 , 2018

In last 24 hours, we saw big drop due to one more Mt Gox story

which took price to $8,300.

Now, hopefully, I believe that all mess have been cleared & we see upside continuation trend.

Good luck everyone.

Thanks!