![24234.jpg](https://steemitimages.com/DQmRutdMgwddNZeKN4RpHKYZYsBmnrznmDYwZQmzXR5ajS6/24234.jpg)


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).

The reason was that Brazil Regulators moved to block Bitcoin Mining Investments. 
https://www.coindesk.com/brazil-regulators-move-block-bitcoin-mining-investments/

Coinbase Hit by Lawsuit Over Alleged Insider Trading
https://www.coindesk.com/coinbase-hit-lawsuit-alleged-insider-trading/


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

This time, Binance Suspends Withdrawals As Trading Bot Hacked Some Users' accounts
https://www.financemagnates.com/cryptocurrency/news/binance-suspends-withdrawals-trading-bot-hacked-users-accounts/


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  

Mt Gox Trustee Sells $400 Million in Bitcoin and Bitcoin Cash
https://www.coindesk.com/mt-gox-trustee-sells-400-million-bitcoin-bitcoin-cash/


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

which took price to $8,300.

Mt. Gox Trustee Sell-Off Triggers Another Bitcoin Price Drop to $8,300
https://www.newsbtc.com/2018/03/09/trustee-triggers-second-major-bitcoin-price-crash-related-to-mt-gox/


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

Good luck everyone.

Thanks!