Game over for Bitcoin - Bitcoin crashes -6.36% and tanked under 6000$ level , why huge sell hapening???

HI steemian frineds

today we have bad news for you. As crypto giant BTC - bitcoin crashed -6.36% and tanked under 6000$ level, as the cryptocurrency market cap falls below $200 billion, losing more than 25 percent value in a week. This horrified data shows how massive selling has been happening nowadays, Bear has made bitocin bloodbath as bulls are not able to shows it powers anymore.

***Here is the Key OHLC date which is given bellow... date wise..

on 13-08-2018 --- --- | AND -- 14-08-2018

OPEN= 6316 HIGH= 6544.99 | OPEN= 6253.67 HIGH= 6258.32
LOW= 6139.57 CLOSE=6253.67 | LOW=5900 CLOSE=6029.48

And these two days fall near about - 6.36% which is (6544.99-5900) = 644.99$ approx

which is big fall in this week as of now.

News agency reported that nearly equal to 43$ billion in crypto value wiped in a five day rout from the crypto market.
This is really scary , although hedge fund manager still hoping that it will bounce back soon!!

And now the question is arising why bitcoin prices crashed down??

***lets Find it out ***

BTC dominance and MarketCap Relation:white_check_mark:

1. Increasing BTC dominance & Decreasing Marketcap -- Alts heavy dump, BTC down

2. Increasing BTC dominance & Increasing marketcap -- BTC faster growth, Alts 5-10% changes..

3. Decreasing BTC dominance and Decreasing Market cap -- BTC dump & Alts 5-10% change

4. Decreasing BTC dominance and increasing Marketcap -- BTC uptrend and Alts pumps (Alts Party :rocket:)

Currently we are in 1st Type of condition which is not good for Alts and BTC..
You should hold BTC and USDT for buying Alts and BTC in dip respectively..

Current BTC dominance and Marketcap -- Dangerous for Alts and BTC..

BTC DOMINANCE -- 53.6%

Another news coming negetive for Bitcoin which are ---

Saudi Arabian regulators warns bitcoin trading is illegal- this is another negetive news for crypto crashes as Saudi Arabian is also a big volume game also happening nowadays in crypto market specially bitcoin and and all cryptomarket also...

here is the news that coming from source....

1.A governmental committee comprised of Saudi Arabian regulators has issued a statement warning that cryptocurrency trading is illegal in the kingdom.

1. Vietnam governments confirms suspension of crypto-mining equipment imports- like Mining Rig and installation equipments.

3.Crypto millionaire allegedly scammed out of 5,500 bitcoins - this news may impact on trading also...

These negative news are also impacting on bitcoin price and supporting bears to grow faster and kill the bulls quickly...

I have some research by on which I have pointed out few points -- if you have some points wich should be added please feel free to comments bellow.. I shall be very very appreciate.