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Topic: BTC price suddenly dropped from $ 31K - page 6. (Read 976 times)

legendary
Activity: 2254
Merit: 2406
Playgram - The Telegram Casino
June 07, 2022, 03:27:57 AM
#3
But whether we find out the reason or not, this is the typical bitcoin that we know. Sometimes surprises us upwards and sometimes downward.
This is my exact sentiment, the drop is not quite significant. Looking at the 24 hour chart in op, it looks like a sharp decline, but zooming out to about 30 days, you will notice that it's just another regular price movement in the wave of volatility.

This is speculation board after all and I can understand why traders would want to explain all price movements as it helps to build analysis for future price predictions
hero member
Activity: 3038
Merit: 634
June 07, 2022, 02:47:48 AM
#2
As of now, I have yet to find an answer regarding bitcoin's sudden drop in price.
I've seen someone said just a few hours ago that it's about the CME gap. I'm not sure if that's the actual reason.

The news that you've shared, I don't think that it's about it. It's just another investigation news that we mostly see from different tokens and projects.

But whether we find out the reason or not, this is the typical bitcoin that we know. Sometimes surprises us upwards and sometimes downward.
legendary
Activity: 2408
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
June 06, 2022, 11:27:39 PM
#1
During the first week of June, we saw a slight rebound in bitcoin as well as the market. This morning, bitcoin unexpectedly dropped from 31k$ to 29k$. As of now, I have yet to find an answer regarding bitcoin's sudden drop in price.
I know we're in bear season and it's not over yet, but it seems too surprising and I suspect there is some FUD that caused bitcoin to go down.

Edit: I find out a few reasons, do not know if that is the cause that caused the market this morning to drop suddenly or not?
https://twitter.com/business/status/1533918177691836416?s=21&t=ZOEbyVIYLUh1heoSTfOWsA&fbclid=IwAR1POtofIa-KQBviD6yUBFjH2L38mmmLxuwddPo-cY21LM3Agqvtdt9b_qg
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