A whale made a bet with CZ and is now shorting bitcoin so that he can win the bet. As simple as that.
Topic: Bitcoin Declining. - page 4. (Read 3325 times)
It's not a 'problem' as long as this is the low and we leave it at that, because that would mean we have another higher low.
Currently we have tested the 100EMA on the daily for the first time since we had the pump from $4000 to $5000. I think that's a very important moving average to focus on. If we do close below it, that would definitely spell a bearish trend continuation with much lower lows as result. From here it's going to be interesting to see if this was the breather the market needed, or just a temporary burden on the way down to lower lows.
Currently we have tested the 100EMA on the daily for the first time since we had the pump from $4000 to $5000. I think that's a very important moving average to focus on. If we do close below it, that would definitely spell a bearish trend continuation with much lower lows as result. From here it's going to be interesting to see if this was the breather the market needed, or just a temporary burden on the way down to lower lows.
Because stock markets are taking a poo?
Many of the same people are involved in them. If your main game starts to wobble then you're not going to stick around with your wild bet.
This 'uncorrelated' stuff doesn't ring true to me. It may ignore the occasional day here and there. It won't shake off a decline in everything.
Many of the same people are involved in them. If your main game starts to wobble then you're not going to stick around with your wild bet.
This 'uncorrelated' stuff doesn't ring true to me. It may ignore the occasional day here and there. It won't shake off a decline in everything.
From April month starting the price started to rally and reached peak price close to $14000. The bullish market with some wild fluctuations continued for more than four months. Now once again the market has begun to decline, and this decline could reach the low value of $5000 if it doesn't get good support at some price. This is not because of the FUD and other negative news, the market is experiencing its common form of growth pattern.
there has been lots of FUD nonstop for the past month. practically ever since price reached $13k for the first time this year and stopped to have a small correction and get ready for $15k and then $20k we have been having a lot of FUD as it is the case with every corrections in bitcoin.
these small drops below the major support lines are always the last tries of the bears and the whales to get their hands on some cheaper bitcoin before the next rises begin.
these small drops below the major support lines are always the last tries of the bears and the whales to get their hands on some cheaper bitcoin before the next rises begin.
The BTC price is still high, so I don't see any reason to panic
Bitcoin's price literally more than doubled doubled just from around $5,000 in April up to around $12,000 in June. That's just in two months; and you're already complaining when bitcoin dropped like $1,500? Seriously. Do you expect bitcoin to go up forever? Holding bitcoin is not for you if such price swings scare you.
Funny thing is that ALWAYS when are bombastic news presented like bitcoin 15 000 usd til end of week, goldman sachs analyst confirms the trend is bullish and we will see 13800 usd in few hours.. always it goes down.
The price will continue to decline, so you should exhale and be patient
Why the fuck is bitcoin declining, any FUD new or any whales dump? Dropped now from $11k to $9k
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