Bitcoin price falls why?? - page 3. | Bitcointalksearch.org

sixtyonefourfive

jr. member

Activity: 42

Merit: 1

Quote from: Naughty Princess on July 11, 2019, 03:00:28 AM

Quote from: Prateek_sharma on July 11, 2019, 12:15:03 AM

Bitcoin price falls nearly -11.76% in a matter of hours

What do you think, will it recover?

Of course there still have a recovery. Price fluctuates overtime and many are manipulating the market which make new investor to panic and good be up their investment easily. Never doubt the coin because not is most potential than the others. Have patience and take more investment on it.

Did you notice the double top rejection on the bitcoin charts? Huh

, this is the most significant signal yet that we have an altcoin season starting now. Its been a long time since we have seen a major altcoin rally, but with bitcoin struggling to gain traction, this proves that altcoins season is here. Investors will take profits from recent bitcoin runs and purchase all of the 2000+ altcoins.

Get ready for a major altcoin season. My pick is HST decision token, what is your altcoin pick?

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: Prateek_sharma on July 11, 2019, 12:15:03 AM

Bitcoin price falls nearly -11.76% in a matter of hours

What do you think, will it recover?

bulls were overzealous and over-leveraged long. weak hands got stop run and margin called. life goes on! it dumped a tad harder than i expected, but there's still a good chance this is just a short term shakeout and the market will remain bullish.

there was massive volume when the last low from earlier today was undercut. if we can just get above ~$11.6-11.7k there should be a nice recovery into the $12000s.

sixtyonefourfive

jr. member

Activity: 42

Merit: 1

Quote from: michellee on July 11, 2019, 03:13:54 AM

Quote from: Prateek_sharma on July 11, 2019, 12:15:03 AM

Bitcoin price falls nearly -11.76% in a matter of hours

What do you think, will it recover?

Of course, it will recover. I am not too worry. It seems, bitcoin already makes the correction for the price and now, the price trying to increase again. But we still at a low price than the last higher price and I hope it will be back to the higher price in the next weeks. If you already saw what is happening in a few days ago, bitcoin can increase in a shortly and now I think the situations is almost the same as before. So we have the opportunity to see the bitcoin price will increase.

How can you say that? a double top on the bitcoin chart is an extremely bearish signal. This means bitcoin will go lower and altcoins will now rally.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: Prateek_sharma on July 11, 2019, 12:15:03 AM

Bitcoin price falls nearly -11.76% in a matter of hours

What do you think, will it recover?

Of course, it will recover. I am not too worry. It seems, bitcoin already makes the correction for the price and now, the price trying to increase again. But we still at a low price than the last higher price and I hope it will be back to the higher price in the next weeks. If you already saw what is happening in a few days ago, bitcoin can increase in a shortly and now I think the situations is almost the same as before. So we have the opportunity to see the bitcoin price will increase.

Naughty Princess

full member

Activity: 952

Merit: 107

Quote from: Prateek_sharma on July 11, 2019, 12:15:03 AM

Bitcoin price falls nearly -11.76% in a matter of hours

What do you think, will it recover?

Of course there still have a recovery. Price fluctuates overtime and many are manipulating the market which make new investor to panic and good be up their investment easily. Never doubt the coin because not is most potential than the others. Have patience and take more investment on it.

Xampeuu

full member

Activity: 1442

Merit: 116

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

don't panic to face it. bitcoin is in the phase of price correction. it might go down to $ 8k. but this is still normal, because in the end bitcoin will continue its journey up to reach a price of around $ 17k. but that is only my prediction

antisocial77

jr. member

Activity: 378

Merit: 4

I havent heard any news, its just 13k rejection.in a few days it will test there again.i hope it wont so we can make profit from alts.

Ararbermas

sr. member

Activity: 2016

Merit: 283

Quote from: Prateek_sharma on July 11, 2019, 12:15:03 AM

Bitcoin price falls nearly -11.76% in a matter of hours

What do you think, will it recover?

It's just because of some traders that always quick selling after the progress of bitcoin. But its nothing because bitcoin nowadays is so volatile which always make a correction afterwards. So if you have an investment on it just be patient. Because on this year bitcoin will make a big progress despite of this fluctuations IMO.. check the history or the graph if you have doubts on what I'm saying.

sixtyonefourfive

jr. member

Activity: 42

Merit: 1

Quote from: Prateek_sharma on July 11, 2019, 12:15:03 AM

Bitcoin price falls nearly -11.76% in a matter of hours

What do you think, will it recover?

No it will not recover, the bitcoin chart clearly shows a double top (very bearish pattern) money will now start to flow out of bitcoin and flow into the altcoin market. I am in the process of re-buying back my $50,000 HST decision token as it looks like altcoin season is finally here.

Janation

hero member

Activity: 1722

Merit: 528

That is nothing.

There are a lot of dumps or drops in the past and we are still here. We don't need to make any assumptions whether it will dump or pump, it is obvious that it has 2 movements, either go up or down. Bitcoin is a volatile cryptocurrency so, it will really move a lot for a short period of time. For now, let's just wait again for some time, surely it will go back to that price.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

you shouldn't try so hard to look for reasons for bitcoin price rise and falls each time they happen as long as they are 1) not so big, like if the rise or fall was less than 10% or 2) they are not taking the price outside of a certain range that is defined by the support level and resistance levels.
for example in this case as long as we are not going in the $10k range or below, there is not so much reason needed for that kind of movement and there is nothing to worry about. similarly as long as price doesn't go above $13k and stays there, there is again not so much to talk about the rise.

these are normal market movement as day traders take profit in their short term actions.

creeps

full member

Activity: 742

Merit: 144

Quote from: Prateek_sharma on July 11, 2019, 12:15:03 AM

Bitcoin price falls nearly -11.76% in a matter of hours

What do you think, will it recover?

Of course it will recover just like the old days we are entering into more corrections after the pump. This is another drop after reaching $13k yesterday which is still a good price to buy more bitcoin. Quick profits with the panic sellers really hurt the market as usual, if the price stabilize again it will continue the uptrend. We are getting closer to the last period of 2019, I hope to see more pump compare to dump, let's encourage people not to take profit on early pump.

killat

member

Activity: 742

Merit: 21

Be the reason someone smiles today

Bitcoin raised a lot during last couple of weeks, so what's happening now is nothing but a normal correction.

People short their Btc for quick profits, then price will take its ascendant trend.

aad140386

member

Activity: 420

Merit: 20

simply getting the job done

It is possible that large speculators began to take profits. This could cause a wave of liquidation positions small speculnt. But this is one of the assumptions. In fact, there can be many reasons and it is quite possible that this may be a complex of different factors. Do not pay much attention to intraday falls. It is better to pay attention to the situation as a whole. While the market is bullish, and the data falls can be seen as an opportunity to enter the market at a lower price.

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

Quote from: Kakmakr on July 11, 2019, 12:29:52 AM

This must be a nightmare scenario for newbie Bitcoin traders, if a commodity lose almost $2k value in less than 24 hours, but we are used to it by now. Roll Eyes

I've seen this in 2017, I guess it's happening again.
Quite a number of trading sites offer rewards for bringing new users. And probably some websites have again wonderful stories for their ref links, luring newbies with stories that Bitcoin started rising and it'll go sky high without stop.
Newbies go trading, because nothing wrong can happen, right? Then this. Dang!

Herbert2020

legendary

Activity: 1946

Merit: 1137

because the market is trying to break another strong resistance that is currently located at $13200 and each time it builds up momentum, rises to that level tries to break it and when it doesn't happen the drop comes.
price is no "falling" exactly, it is fluctuating up and down inside a tight channel between $10k and $13k each time this channel gets tighter too as previous time we went as low as $9800 and this time only as low as $11,100

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

Quote from: NeuroticFish on July 11, 2019, 12:21:35 AM

The same story happened 2 weeks ago: Bitcoin has reached some 13800$, then dropped sharply to 10300$, then slower to 9700$.
Now it touched 13200$ and it's falling.

I am not scared, at least not yet. For many traders a 10-20% gain is already wonderful and they are cashing in then maybe repeat. I think that something like that happens for now.
If it'll fall again under 10000$ I may not like it though...

Well, this can be a possible explanation for the sudden drop in the price, because I am not seeing any major news that might have triggered this $2k drop in the price. This must be a nightmare scenario for newbie Bitcoin traders, if a commodity lose almost $2k value in less than 24 hours, but we are used to it by now. Roll Eyes

We have hoarded through must worst scenarios in the past, with a 80%+ drop in the price since 2017. The volatility sucks, but we are in this for the long haul. Grin

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

The same story happened 2 weeks ago: Bitcoin has reached some 13800$, then dropped sharply to 10300$, then slower to 9700$.
Now it touched 13200$ and it's falling.

I am not scared, at least not yet. For many traders a 10-20% gain is already wonderful and they are cashing in then maybe repeat. I think that something like that happens for now.
If it'll fall again under 10000$ I may not like it though...

Prateek_sharma

jr. member

Activity: 289

Merit: 3

Bitcoin price falls nearly -11.76% in a matter of hours

What do you think, will it recover?

Topic: Bitcoin price falls why?? - page 3. (Read 883 times)