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This time the price of bitcoin has fallen massively from the continuous low since past months.

This is the twice a time when cryptocurrency has been trading between $6,500-$7,000 since the last year 2017. Seeing the past records of the Bitcoin it has become the trend to reverse from its bearish mode every time it’s gone too low. The same has been expected by the analysts this time from the cryptocurrency. But nothing seems to change for now as the technical charts indicate the slow recovery of the BTC.

At the writing time, Bitcoin is trading at $6,720 from the day low of $6,617.69 according to the Coindesk, Bitcoin Price Index. The top bitcoin exchange in India is also trading nearby the price of BTC in the market.

The continuous decline in the price of bitcoin has led by the unexpected reports from the social media brand such as Facebook and recently the Twitter CEO announcement to ban cryptocurrency advertisement on their platforms may have hitten hard to the market this time. Similarly, there are multiple negative reasons are spreading in market daily that has been affecting the growth and buy and sell of bitcoin in India and international market.