Topic: Bitcoin is going down day after day right now (Read 479 times)

That is the sweetest part of the business, because Bitcoin price has no direction, but rather it goes up or down, which many investor's or cryptocurrency trader's make more money or losses as a future trading, in other words Bitcoin holders has nothing to loss, accept you sell at the dip, which most course by market panic, and as an investor have to control your emotion and also been patient is the major challenge or parity Bitcoin holders normal face.

From the end of January until mid April, it went from $15,000 to over $30,000. You have to expect a correction after that, and should not really question when it makes a correction that is only 20% of the total gains made over 3 months prior. Nothing is one green candle, not even Bitcoin. You should expect corrections after strong inclines. The contrary also applies, you can expect rebounds after strong declines (as long as the asset has a valid long-term outlook)

In fact, we are in a sideway phase in bitcoin with extreme price patterns in Q2, in my opinion, because there are many things that are uncertain about the state of the world today, such as inflation, political tensions, uncertain recessions and many other crises in what are we experiencing now.
Bitcoin was snapped at 27k, it looks like bitcoin has no further downside potential for the near future.
This year will be good if you take the right bitcoin price, you doubt it just because the decline that occurred the previous day is a natural thing, maybe you can use the DCA strategy so that you have many options to choose the price of bitcoin in a certain month or week in this month, next month or beyond, bitcoin is headed for a halving that is still more than a year old, which is enough time for you to get started.


Sometimes panic really makes plans fall apart, investments and DCA that are done will be in vain if you panic too much and are forced to sell at a loss, that's a bad choice, we might just remind you that volatility is normal even 20% increase or 20% decrease it can happen in bitcoin, but keep in mind that history has proven bitcoin always comes back to bring light to your wallet.

I think this thread would be great if on Speculation zone but here is my thought

The bitcoin is very high volatile asset I mean the altcoin is way way more high volatile you can gain more than 30% or more in a day on cryptocurrency world so it is possible to down 10% in a day. If you take a look at the coingecko bitcoin is down 60% from ATH huge right in stock market you might find this low a couple of yearly basis

If you get scared, sell all your bitcoins and get out of the market. Bitcoin is only down 10% and you have started to get scared then it is best not to invest in bitcoin because this is a normal drop, nothing to worry about. I even expected bitcoin to drop 50% more not just 10%, 10%, which made me quite disappointed.

I think the price of bitcoin is running normally and with a decrease in my opinion this is a good thing because a decrease in the price of btc can be used as a golden opportunity for those interested in investing in btc, and I personally have continued to collect btc and buy btc with the dca system.

and keep in mind btc price drop is a good opportunity so this is a good moment to keep piling up btc.

I do wonder what will happen to BTC's price when banks make it harder to buy it. Or when governments develop penalties for holders of BTC (under the excuse of money laundering, terrorism).

I tried to buy last week and the bank declined my payment. They already wish to sit down with me and discuss their garbage investments. I expect it won't be long before they demand justification, if I proceed with BTC investment.

beginners will be afraid when they see the market going down, that's normal. those who are already pros can take advantage of the moment of disembarkation to add to the load of their bags. but beginners will think several times to make a choice. because there is fear or trauma when buying at a time like this there will be a deeper decline. whereas a beginner is not much patient in the investment made.

don't worry about the price of btc at that time, because bitcoin is lower than 27k this year already, this is a correction process, if you can still load your bag continue

bitcoin price is currently experiencing a decline.
which of course there are many reasons to make the price of btc go down, including because many people are taking advantage of their investments, such as those who buy btc under $ 20k and so on.
but this is something normal and I personally am not disappointed with what is happening in the market regarding the price of btc. let alone the bitcoin halving is coming soon.

It's nothing to be worried about OP, prices go down from time to time so this isn't anything different, in fact shouldn't you be happy especially if you want to buy more bitcoin at a much lower price? I only see the positive side in all of this and it's not forever that bitcoin will be on the dumps, just wait it out OP.

There was no such news that could affect the price, what I think is, it's some sort of cooking, because most of the analysts have said, "BTC will reach $40k in May" If that's the case then it's not wrong to say, BTC is cooking and ready to shoot up. Even, you may have heard the news, of Whales accumulating BTC, This indicates, the market is still in buying positioning and whales have some plans to get profits out of it.

TBH, I also thought if the market close above $28k the previous week then we might see some pump in this week but things are still the same as the previous week, what I think is, we may see some good entry points in this week and by start or mid of May we may book some good profits. But that's just speculation, so we all should do our own research.

Agreed that this is normal for cryptocurrency like bitcoin since these are volatile by nature. And its volatility does not guarantee into where its price would go. I think their lack of knowledge with the historical price movements leads them to be worried on these kinds of situations. They just tend to see the market into a limited timeframe, whereas they do not really analyze the bigger picture that incorporates the historical movement of a crypto.

I think it's funny how I see so many people on here making threads and so many articles on the internet of people saying Bitcoin has stalled.

"Bitcoin going down day after day" lol. As if this isn't completely normal.

Remember like 6 weeks ago when Bitcoin dropped from like $25k to $19k??? haha.


People suddenly freaked out at normal price action the likes of which has already happened several times the past few months. Like suddenly people expect Bitcoin to just go straight up forever. I'm so confused why people are so worried right now at this normal price action.

indeed, if you see that the market price of btc is decreasing, but this is a normal and normal thing, and it is certain that people who have a weak mentality and are beginners in btc will usually panic, and continue to sell their btc,
and I see this is just an ordinary correction because the nature of crypto is like that, which is always fluctuating.
and in my opinion after this decline the price of btc will go back up and could even potentially be higher.

Having more spare money can do BTC accumulation and or can wait for some better prices while monitoring the market situation.
and for which actions will push the price I think all actions will have an influence that is important you stick to the technical analysis that you do.

This is only a fundamental influence and still, analysis needs to be done to know where the market is going.
If Blackrock enters at the 20k level, you certainly have to be around it and there are still many who enter at levels below $20k.

It's best not to panic because movements like now are frequent. this is just an effect of the saturated market situation and needs some correction.
down 15% in a day seems to be common, even in a day, it can also be more than the current incident.

Volatile movements and even increases can also be more than 15% if the market is in a bullish state.
The important thing is to be ready with spare funds and doesn't panic.

Everything is going well. Just look at the big picture.

Bitcoin continues to hold above ATH from the previous cycle and above the 200WMA. It has recovered from the bear market bottom, that was really low this year thanks to one of the biggest exchanges turning out to be a scam. By crossing above 23k this year we've made it over the level considered to be the mining profitability threshold and also solidified a position above the old ATH of 20k. Both these things are bullish and show that the bear market is over.

Some people think we are in a bear market but we aren't! Bear market is characterized by regular lower lows, like in 2022, but since the breakout in January we're getting higher lows, and as long as this correction doesn't take us below 20k, we're going to get another higher low.  

What to expect? Probably that bitcoin will stay between 20 and 30k for a while and end up breaking above 31k later this year. When will it happen will depend on many factors but I expect to see 35k by the end of the year and at least 50k before the halving.

have you ever observed and followed the price of bitcoin before it reached 30k $?. this is what is called market fluctuation, but those of you who feel that you have a lack of estimated value in your investment, don't worry, I'm sure the estimate that you will get in the future will be even greater when the bitcoin price approaches 70k $, we all hope that there will be a fantastic price that might be got bitcoin this year.

We all expected to see something better in 2023 in the Bitcoin market. And everything was going according to our expectations. Since the beginning of 2023, we have seen the Bitcoin market gradually increasing. 
In these three to four months, the Bitcoin market has grown a lot. But recently it appears that the Bitcoin market is going down a bit. 

The price of Bitcoin went from $30Kto $27K in a span of few days. But I'm not disappointed yet because I know it's the market rule that the price of bitcoin will go up and down a bit.  I believe Bitcoin price will rise again in few days.

I agree with my analysis if the price value of bitcoin will fall maybe it will reach 25k$ plus and I also think that at this value the price of Bitcoin will bounce and it will increase again little by little in the market .

       That's why what is happening now in the market is just a normal behavior in the market, in fact there is nothing to be afraid of.
It's just that what's still important is the one who accumulates bitcoin little by little and it's good to do it continuously until the bull run season happens here in the world we live in.

If you invest in bitcoin, don't monitor or watch the market over a period of a day, week or month. But look at the bitcoin market over a year or so, by doing something like that you won't feel nervous anymore, because if you look at the bitcoin market over a year, you will see bitcoin movements that have cycles like today. If you are a long-term or short-term bitcoin investor, you should do a good overall research and analysis of bitcoin. So that you are not always anxious and worried when bitcoin is experiencing a decline. And I suggest this kind of thing because I also experienced very high anxiety when I first started investing in bitcoin, because the feeling of anxiety is very disturbing and if it is excessive it can cause a decrease in the body's immune system, then it can make you sick. Therefore you have to learn more and analyze the ins and outs of bitcoin.

I guess these are the reasons.

1. It already hit the resistance which is the $30,000. Yes it went to as high as $31,000, but $30,000 is the psychological resistance as of the moment, and it already hit that price thus, many sold at that price, putting the price go down in the past few days.
2. Markets move in cycles. I guess we all know that markets move in cycles whether it's crypto, or stock market, or any other assets out there. It goes up, and it goes down, and it's what's happening with Bitcoin as well. Wait for it to go up again after this downward movement.

The support right now in the short term is the $28,000, and currently we are below that price so maybe we might see some downward pressure towards the price of Bitcoin. I also don't see any reason for Bitcoin to go  up right now unless either there will be some good news that will happen, or the bulls will regain control.

Nevertheless, there's no need to panic if you will ask me because movements like this happen all the time. We've also seen Bitcoin going down more than 15% in just a single day, so I guess there's no need to worry about with this sudden downwards movement. You didn't see it coming? I guess you will already know what to expect in the future because this kind of movement will happen again any time soon.

Btc was around 17k this year if I am not mistaking and now it's about 27k, and people are still complaining?
Well, that's the beauty of the market, your exit becomes somebody else entry and so the cycle continues.
You can't just expect the price to keep going up wards without any corrections. So, I don't see any problem with the current price. However, I hope the price goes higher because this affects other altcoins as well.

When bitcoin went from $15k to $30k, have you ever asked why? You can't expect bitcoin to continuously, vertically, go up to $60k, $100k without any correction. We should not be greedy and fearful in such an uncontrolled way. This is a financial market, and volatility is proof that it is a healthy market.
Instead of being scared when bitcoin drops in price, why not turn it into an opportunity, an opportunity to accumulate cheap bitcoins? If you can't buy bitcoin cheaply and when the price goes up, you won't get any benefit from it either.

Nobody can predict Bitcoin or the cryptocurrency market, but people can tell you why the price has dropped. For example, when some bad news comes out, Bitcoin prices drop due to panic from Bitcoin traders and people manipulating the market.

There is high hope for the Bitcoin price to rise soon because we are expecting halving next year and the price has yet to return to its previous ATH, and people expect BTC to reach nearly $100k during halving, so the price may begin to rise soon so that it can reach the target we are expecting.

This is a common manifestation of cryptocurrency price volatility. Bitcoin very rarely stands still in terms of price. Price drops of ten percent should not be paid attention at all. It is in ordinary markets that a ten percent drop is already causing panic. For the cryptocurrency market, this is the usual norm. Bitcoin may drop a little more in price, after which we will definitely see a certain increase.
But this year, one should hardly expect a big and sharp price rise. True, he often gives us unexpected surprises.

Would you personally accumulate BTC right now or would you wait?
The thing is I don't know which actions are driving the price.
Blackrock, the world's richest investors group, has invested in BTC around the 20k level if I recall it correctly

So what? Is this the first time you've seen Bitcoin lose value? Probably not; however, similar questions pop up every time this happens. You're probably not used to the market's volatility; it also occurred to me when I started accumulating, but I'm over it now. If you're interested in purchasing more, consider this an opportunity rather than an issue that is frustrating you. I personally don't buy Bitcoin myself because my income/budget are quite limited, but I'm happy every time there's a dip because I receive more Bitcoin from the signature campaign.

well, I think this is a normal thing. in fact, every day the price of bitcoin always goes up and down a few percent. wants and needs happen every day, then buying and selling will happen and cause the price of bitcoin to go up and down, even as you say. it is normal. besides that, the decline in bitcoin prices is also sometimes caused by FUD. However, it seems that the current decline still looks normal.
After all, if you look broadly, and pay attention to the development of the bitcoin price from the beginning of this year to the present, then you will see the chart is rising and recovering.

Currently, Bitcoin's price is still $27,845, which means its fall from $30k to that price is just 7.2%, not yet up to 10%. That's just a little dip; you can see the image below of the six major Bitcoin market dumps.



Bitcoin prices always rise and dip, with respect to economic news and others. I think Bitcoin might still drop to $25k before going up again, but I'm not sure about it.

The drop this time after touching $30k is quite normal. A drop to the $27500 price area would certainly give panic to those who bought at $30k.

If you are asking whether this decline will continue or not, it also depends on the state of the market and the state of the global economy.

On May 2-3, the Fed will hold an FOMC session discussing the interest rate hike which will be predicted to rise by 25 points.
This will certainly have an impact on the crypto market.

https://www.federalreserve.gov/newsevents/2023-may.htm

We can only wait for what decisions will be taken. But I think crypto will survive and the crypto rise will still continue and the nearest target will still pass the price of $ 31k. Once that resistance is passed crypto might reach $50k in a few months.
We should prepare for it, do some management, and have some spare money to buy again if Bitcoin is forced to continue to fall.

Read about the 200WMA. In the bear market price tends to stay close to it and this is around $25k right now. Used to be at 23 last year, so you can see it's constantly going up.
For the record, in 2019 when bitcoin was turning from bear into a bull market it was at $3k, and that's where the lows were. Expect us to keep revisiting it, until we get closer to the halving, but in a month or two it's going to be at 27k. Are you worried that traders who bought at 20k were selling at 30 to take profit? You can't expect the whole community to be holders and believers in bitcoin. Some people are here to have more fiat money, not bitcoin, but for every seller there's a buyer. What they see as an exit points others see as entry points.

Nice analysis. When you said bitcoin retest these levels, what level do you mean. Do you mean that bitcoin may touch $16k again and the reverse to upward trend. If not so, at what point do you think that bitcoin will revert to upward trend.

Moreso, I have seen were people are skeptical if bitcoin will move upwards from here or I will retrace, just like I asked above. But I personally do not think that a buy at this level is a bad decision.

This is just normal. As you can see, year-to-date bitcoin growth has been pretty good despite the bad news. As a natural process, the price cannot go up forever, so a price correction is needed. The fact that the price turns back after approaching the 30k zone is a good premise for being able to accumulate more, creating a premise for a new pump in the near future. I think the market will become busier by the end of this year after a long downtrend. Do not try to mind the market much; instead, what is needed at this time is to rest, relax, read a little news about the market, and most importantly, accumulate assets. Paying too much attention will only make you confused and excluded from this harsh market.

What did not you see coming? Did you actually expected the price to only go up? Even if the price at the end of the year was 50k, an unlikely possibility I know, it is not as if bitcoin will grow a few thousands of dollars each month in order to produce a straight line between the current price and 50k, there will be ups and downs and it is up to each trader to learn how to deal with those extreme movements of bitcoin, with holding our coins no matter what being a very popular strategy among bitcoin investors.

The cycle repeats again when the market is experiencing a small bull run often followed by a correction. before the correction to $ 27k in the near future a few days ago Bitcoin was corrected from $ 30k down to $ 29k and not long managed to recover to $ 30k. but now it's happening again where Bitcoin has fallen more than yesterday, but the good news is that now it's easier for us to do DCA and keep buying to add assets, don't worry too much about the price which might be correcting now.

Movement in one direction is not a fact about bitcoin, it's popularly known for moving in different directions. The movement of Bitcoin is genuinely unpredictable and volatile, so we should exercise caution because nobody wants to experience trading losses. Retracement is possible considering the bear season is still in effect. Everyone has a unique perspective on the Bitcoin chart; various people have different viewpoints. The bitcoin chart indicated that it will undoubtedly decline, but since there are significant zones of support and resistance, I'm expecting that it will retest these levels and change to an uptrend.

So are you going to buy Bitcoin now?  Well, it is a 10% discount today since it was $30k the other day.  If you keep on looking for a cheaper price that somehow BTC will never gonna visit then you will be missing big time.


I agree that this price movement is normal for the Bitcoin market.  We have seen more wild fluctuation than this, it is normal for people who bought at a cheaper price to cash out in every price increase interval, we also see that every time the price of Bitcoin goes down, more people are taking advantage of the window to reinvest.  So we shouldn't worry about this dip, it is normal and who knows, in just a matter of some days, we might see Bitcoin rallying again.

By now, everyone should just be aware that bitcoin moves cyclically. It moves in upwards and downwards direction. We should not expect bitcoin to move in just one direction (upwards) only.
When everyone comes to this understanding, we will surely appreciate the essence of correction of prices in bitcoin. If bitcoin does not retrace, it will not have enough strength to make another bullish movement.

No need to panic; definitely a part of its correction process. As we can observe its market price continuously increased from $15k early in january up until $31k. How low would it go? No one knows for sure so better manage the risk involved. You may set a stop loss if you are too worried or just let things be. There is a high tendency that the market price will again increase and the only things we should do are to be patient and firm with what is happening in this market. An investor could also take partial exist and wait for the 'bottom: to somewhat make their funds more efficient, problem in this case is to be left behind once a huge wave occurs in its value. So better be careful.

It all depends on the angle of observation. That should be looked at based on the type of investment that each person has for himself.
On March 10th, Bitcoin was worth under $20k, since then it has gone up almost every day. Now it is coming back a little, but it is still not even close to this year's minimum.

I would say that everything takes place in cycles, so whenever you have a sudden jump up, after some period there must be a correction and a fall. The same is true in the opposite case.
There is nothing to worry about here, for example, and for those of us who want more Bitcoins in our portfolio, a drop in value is certainly a good thing. 

I like that way of looking at it. But I'm looking for the best point of action to buy. I waited after FTX, hoping to get from 15k to 10k (euros). Now we're nearly twice the price. I don't want to make the same mistake again

From the record bitcoin has been lower than 27k this year, so for someone who bought at that cheaper price then there is nothing to fear to keep holding till you accomplish your investment goal

You are part of the system now so you can make the prediction too. The going down of bitcoin is a normal thing, for those who understand it have nothing to worry about the decline. Why do you even asked whether Bitcoin will still go up, or are you doubting bitcoin? To cap it all, Bitcoin will rise again even before the year will end.

There was a prediction by bitcoin market price experts also here in the forum that bitcoin would climb to 30$ and we have seen it. As it is going down, it also helps the new buyers in the market.

That 50/50 reminds me of the possible sideway movement of BTC in the range of $27k - $30k.  The current drop is too much for a correction,  I believe someone just dumps their stash to take profit and hopes for the Bitcoin price to drop more in order to reenter the market.  This also indicates that the market is yet to enter its bullish phase, probably we still need to wait some more months for that bullish market mode.

Why don't you take advantage of the market going downtrend since you notice it will always go down in 10% instead of you worry yourself about the dump in price that will only strengthen the market?

It not yet the time for the market to start a total bullish market and until it total bullish season. The market will continue it roller-coaster movement.

Bitcoin does not need a reason to happen such as a correction, but rather it is natural, especially as it is within the space of the support and the constructive represented by a summit at 32K as a higher and 26K dollars as a lower, so the prices will move in this range and you will not need a reason to say why this price moves in this range.

Price tags for bitcoin $27k is recognized for its persistent oscillations, although some traders zooming it to be a touchdown of breakdown. I believe, however, that it is unquestionably getting ready for a bull pump. Bitcoin has a 50/50 probability of making a retest and pumping or of continuing to decline. Perhaps the chart will show an Impulse, correction, and continuance of the Falcon idea. Bitcoin is declining, making it a favorable time to begin a short position. Scalpers benefit from bitcoin, thus it's critical to keep track of the bitcoin chart and understand when to purchase and sell during a bull or bear market.

It is possible that some people are cashing out.  This is one possible reason I can see why Bitcoin price retrace back to sub $28k.  It is also possible to think that the current price increase is a bull trap.  These are some  reason I can think why Bitcoin price after its surge drop back to 10%.


There is no news that can give us a hint whether it will go up or down but if the sentiments of Bitcoin market continue to be negative then it is possible that it will go down a bit more but obviously if the sentiment bulish then price will recover.  It is a matter of the next sentiment of the Bitcoin market whether price of Bitcoin will go up or down.

personally, I can't really give a definitive answer to this question, but if you are really curious, there are articles that have been posted online these past few days regarding as to why or what could be the reason why Bitcoin's price is dropping.

maybe yes, maybe no, nobody really knows. people that will say yes are just speculating.

It's about to go up again by next week or the next, this will be quick so before it start try to grab a few sats at least if you are DCAing. I could be wrong but this downtrend is like a small dip for the investor's window to come and buy more.

Assuming the price will dip a bit deeper to $26k but it will also bounce back to more than $32k after it. The continuous rise of BTC is not a long green candle because this $30k is a resistance line.

It's difficult to pinpoint what exactly is affecting crypto, but a few weeks back I saw some clip on Twitter that involved the classification of Ethereum/bitcoin when Gary Gensler the SEC Chair was quizzed over classing these assets which he failed to give a definitive answer and this might have sparked the uncertainty....

But at this point its funny how external factors keep dictating how cryptos behave when we all claim cryptocurrencies are decentralized... Tbh am having my doubts now...

This thread would fit better in the speculation section, to be honest.
In my personal point of view (this is not financial advice, by the way), this is going to be a good year for Bitcoin, but the previous increases of price in the past month until reaching the 30k$ mark, were too sudden for the expectation most of the traders have on the price of Bitcoin by December.

They may feel bullish in the long term but in the short term they felt Bitcoin was over-valued, so they started to sell their positions, hoping to pocket even more Satoshis and harden their bullish positions after they find a new strong support.

This is the nature of the market OP, do not feel discouraged about it, we all know this is how volatility works. If you feel your holdings are changing more than you would like them to, then you may be over-invested.

I think that's normal. The correction of BTC price is really normal and most people are aware of it. However, I don't believe that Bitcoin's price will decrease a lot, the lowest it may go down to is around 25k.

Yeah, definitely. It would turn the other way soon probably in couple of week , and Bitcoin will reach 30k again. I believe that Bitcoin's price will continue to rise, and we may see a new peak by the end of the year, this year looks promising for Bitcoin imo.

That is the way the market is, the price of bitcoin market is rising and falling, if you want invest, invest and hold in long-term, .rom the prospects of benefitting from bitcoins through investments, there are other uses of bitcoins that still stand out and provide massive benefits. So don't worry about the decreasing of bitcoin, and if you buy it for now and when the price goes up then you will make your profit. To buy bitcoin in this time is good, don't mind the price decrease that is normal, this will give us a large range to accumulate some people holdings and when the market start going up we can gradually generating profits from the market.

OP, the only option I see is to keep watching the price while holding, I don't think anybody has actual fact about the price dropping or going up, unlike forex analyst they can be accurate in most cases because they've studied the relatives movement and strength but in bitcoin no such clue since everyone thinks bitcoin grows as more buys is encourage by investment and a good and campaign by country's policies but for now just keep holding and trust bitcoin will do great. Remember there is fast changes in price already since Match.

A couple of reasons.

• People are seeing how flimsy the 31k mark of bitcoin at this early in the year. There are no good reasons for bitcoin to rise in that valuation, so people are cashing out before they suffer the losses.
• Bitcoin not being able to support itself. As it stands today, bitcoin still is pretty much bearish, with no clear indication of it going bull, a couple of pumps may come before we really hit a consistent value increase, but until then we can't be so sure of bitcoin.

There are a couple more reasons why bitcoin couldn't get out of its 30k prison, but with the halving coming just around the corner, we can say for sure that we'd only have a couple months left to suffer before we get the big breads.

That's the way life is. Don't worry, on't look at te price constatly. Buy Bitcoin and let it be. Buy again and let it be. DCA an you'll be fine. That stress of looking at the price constantly is for shitcoins and tranding and etc. That will make you older by the day! lol

I don't really know if there are other things contributing to the price dump; all I know is that it all started when the Fed started liquidating part of the 50,000 BTC recovered from the hackers, which was discovered recently and jailed for a year and a day. 

I think if the Fed stops the selling or when they are done with their dumping, the BTC price will gradually correct itself, and this time it might even bounce back so strongly that it surpasses where it was before all this started. 
If the selling continues, we might even see prices below $25k in the coming days. 

Bitcoin even increased above $31000.

Even during the bull run days, you can see bitcoin fall and rise but rise more than the fall. I am not saying you should be expecting that for now.

Bitcoin was below $17000 when this year started and yet $10000 more till now, it is still not bad.

Nobody knows if bitcoin will rise or fall, but if you are holding, you can continue to hold because all-time-high is coming probably before next 2 or 3 years.

Like I said, bitcoin was below $17000 in the begging of this year, now still at $27000, it is still not negative.

Why is BTC going down like it does the last days? Straight down.. Down around 10% (?)
From around 30K to around 27K.

Do you guys think it will turn the other way soon and go straight up again or will it keep going down?
I thinked this year would be a good BTC year and i still think it will be! But I did not see this coming to be honest.