**Bitcoin Price Decline: Causes and Forecasts**

1. The price of Bitcoin has recently experienced a sharp decline, driven by concerns over tightening global government regulations, particularly from China and the United States.

2. The slowdown in major institutions adopting cryptocurrencies has affected investor confidence, leading many to sell their holdings to avoid risks.

3. Rising global interest rates have attracted investors towards more stable traditional assets, such as bonds, at the expense of highly volatile digital assets.

4. Renewed environmental concerns regarding Bitcoin mining energy consumption have heightened the negative pressure on its price.

5. Bitcoin breaking key technical support levels (such as $30,000) has triggered mass sell-offs by short-term traders.

6. Forced liquidations on leveraged trading platforms have exacerbated the decline, causing a multiplier effect.

7. The growing popularity of alternative cryptocurrencies (Altcoins) has diverted part of the invested capital away from Bitcoin.

8. Warnings from experts about a potential bubble in the cryptocurrency market have prompted conservative investors to reduce their exposure.

9. Despite the current decline, Bitcoin supporters emphasize its nature as a long-term "safe haven" against global inflation.

10. Traders are advised to monitor market indicators and analyze trends before making buying or selling decisions at this critical stage.