Why bitcoin going down? - page 3. | Bitcointalksearch.org

MoonIsBlue

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Quote from: iram1011 on December 21, 2017, 01:39:10 PM

This is just a required correction taking place. Bitcoin hit the first bottom at $16k and then the second bottom at $14.5k. Now, if we go by TA, bitcoin will touch $20k within a week. By tomorrow BTC will be bullish. Altcoins are bullish and one should try to accumulate more in dips. So, don't worry about BTC value and try to multiply your BTC amount through altcoins. BTC will end up at good price by year end.

Yeah exactly, BTC is following a pretty obvious pattern I suspect it to go down to 12.8k though before climbing again and setting a new ATH.

Hope that it will continue following the pattern or we might see a bearmarket next year... but it seems unlikely for now.

iram1011

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This is just a required correction taking place. Bitcoin hit the first bottom at $16k and then the second bottom at $14.5k. Now, if we go by TA, bitcoin will touch $20k within a week. By tomorrow BTC will be bullish. Altcoins are bullish and one should try to accumulate more in dips. So, don't worry about BTC value and try to multiply your BTC amount through altcoins. BTC will end up at good price by year end.

jokerlu

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They are natural corrections, we have seen them in the past, in this world they will see this type of falls on a regular basis, but after that comes the new rise surpassing the last high price level.

pradeepballa

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bit coin down 15% all time high

secondgarlic

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I think there is some sort of chain reaction going on at the moment, since the resistance at $20K was strong, people started selling and it has triggered a small decreasing trend. But I'm sure it will pick back up eventually.

MoonIsBlue

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Quote from: lamjed on December 21, 2017, 01:28:31 PM

We are all seeing that the price of Bitcoin is going down after a great pic. A lot of people predicted that its price can reach 20K at the end of this year.. but because of the fees this does not work.

It already hit 20k... it was long overdue for a correction as is this whole market. Bitcoin rises and drops and rises and drops and then rises again. Its completely healthy

sopromat

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The price is going down because a lot of people are being paranoic about the price, and that is the main reason of why they are selling all their bitcoins = panic sell.
They are very panicking about that, and that is why we are seeing a bearish rally in there.

lamjed

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We are all seeing that the price of Bitcoin is going down after a great pic. A lot of people predicted that its price can reach 20K at the end of this year.. but because of the fees this does not work.

newinbtc

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Quote from: cryboy24 on December 21, 2017, 01:26:02 PM

Do you know why bitcoin going so much down?

1. people are investing in bitcoins currently , Investors start investing money in Ripple (1.2$ current) and bitcoin cash (3600$) , Dogecoins (0.008$)

2. some short term investors start selling of their bitcoins to recover the profit. they will buy again when it come low.

3. bitcoin Rise and Drop is a part of game , It will down and Come back again ,

In recent news someone bet that bitcoin price will reach 50,000$ Next year

cryboy24

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Do you know why bitcoin going so much down?

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