Topic: Why Bitcoin price is falling? - page 5. (Read 1298 times)
It's hard to know for sure what caused the bitcoin price to drop. However, one of the factors that made the price of bitcoin go down was that more and more market sentiment was negative. As we know that the more negative sentiment in the market will have an impact on the decline in the price of bitcoin and altcoins. Negative sentiment could be fueled by a series of gloomy news that caused some people to panic. The negative market sentiment has persisted in the last few weeks so the bitcoin price dropped to the current $33k area.
Most people are not trading at the moment because of this. Many indicators prove it, like low daily volumes and outflows of coins from exchanges. For instance on Bitfinex, daily trading volumes between November 2020 and March 2021 were mostly between 10k and 25k BTC. Since April of this year they're between 3k and 6k. People are choosing to wait this out, either by holding fiat/stable coins, or taking their BTC out and deciding not to participate in this market. I feel like only 2 types of people are left now: leveraged speculators desperate to make some money and big manipulators who try to squeeze them.
That drop in the volume of trading is proof that people are not hyped about bitcoin at all. The increase in volume usually happens when the price rises, and it is not rising at all right now, on contrary it is falling right now instead.This makes people stay away from crypto, they either sell and get out, or they just hold it and not sell but nobody is trading with hype right now. The ones that are left are either low number of buyers, or they are trading it daily and that is how they make their money. So, I would guess that when the price starts to go up, it will be higher volume again. Check the past few weeks when it was 48k and you will see it higher.
I understand being concerned with BTC price volatility. It’s definitely in a correction right now but give it some time. I suspect it has to do more with the world economy and war in Ukraine than anything else. I recommend being patient and holding long as BTC is bound to reach record highs in the near future. If you look at the price historically it consistently reaches new highs after a correction as adoption and uses for the blockchain is growing.
And it was not hard to understand the situation in which prices are subject to change due to some factors that affect the demand and supply. * the economic crisis in Russia and Ukraine
* market cycle (bearish, bullish, and vice-versa)
* whales participations
However, despite all of these things we tend to remain at ease and never start panicking which really helps the market not drops so fast.
If we compare the last bearish season, it is certain we find it far different and I was glad to see it like that.
Bitcoin price goes up and down is normal, this is a good opportunity for daily traders to make a profit, and those who say that bitcoin is expensive then when the price drops it becomes an opportunity to buy at a lower price.
Bear market ig. I mean it goes back up in the past month wasn't really a sign of it entering a bullish season, it was just a recovery from the bearish run before it. I guess it couldn't hold that recovery and went back down once more, might be because of the general outlook right now on the market being negative. I wouldn't consider it that bad though, I mean we were in this same state a month ago, If we zoom out then it's just an up down movement so far. Maybe if we go down to $20k levels, then panic a bit.
There is a case to be made about not getting enough hype. When price hits to 60k+ levels that doesn't happen when it is a regular situation, it needs to happen on situations where it is like a huge hyped community rally type of deal. We tried it at 48k levels, and stuck there, but that didn't resulted with anything terrible, we dropped to 40k levels, after that the next drop to these 35k-36k levels we end up with because of the fed rates and not because of the failure of going higher.We will keep trying again and again until we succeed to go up, I doubt that we would just stay low like this forever, if we wait long enough eventually it will be higher again, we just need to wait because we do not know when that will happen.
Selling pressure continues to occur so that prices continue to fall, of course this is a market that is getting saturated after a busy market in 2021 and usually there will be a decline because investors want to profit from bitcoins purchased when the price is below $20k.
Yesterday the price skyrocketed more than 4% and almost reached $40k, unfortunately today there is a correction of more than 8% and it looks like it will continue, many experts believe bitcoin price will drop below $30k this week, maybe this is FUDs spread by whales to buy cheaply.
When many experts say the same thing, it is likely that something very different could happen. What is the FUD from China? I thought their rumours had long been out of influence in the market because they have done all they can do and now have no influence on the cryptocurrency market. Maybe bitcoin just follows the rest of the markets, which are now falling too?So, they were the cause of the thing they were afraid of. This is the proof that "experts" know what they are talking about but in have the wrong approach. Did it fall like they expected? It did but for the reasons unrelated to what they assumed.
Bear market ig. I mean it goes back up in the past month wasn't really a sign of it entering a bullish season, it was just a recovery from the bearish run before it. I guess it couldn't hold that recovery and went back down once more, might be because of the general outlook right now on the market being negative. I wouldn't consider it that bad though, I mean we were in this same state a month ago, If we zoom out then it's just an up down movement so far. Maybe if we go down to $20k levels, then panic a bit.
fud is all i've seeing on social media from past 2 weeks, bad news surrounding btc, so called experts predicting the future market etc.
which i think is a systematic drive by groups of people to bring the price down.
but no need to blame them, people have paper hands.
the ones who believe in it just dca regularly and have become numb to the market ups and downs.
which i think is a systematic drive by groups of people to bring the price down.
but no need to blame them, people have paper hands.
the ones who believe in it just dca regularly and have become numb to the market ups and downs.
With the dollar strong, you might get a better answer more immediately to this question by mapping something like the EURO / BTC price which has been a weak currency recently. This will give you balance in your perspective to see value rather then just nominal pricing and fear reaction in the price. Markets will retract when dollar rates rise and fears of strong currency appear, alot of the market is operating on borrowed money and the higher cost scares them.
I will have to chart BTC EUR myself to try and see better the proper trend right now, no doubt its down but not as much in a weaker currency.
I will have to chart BTC EUR myself to try and see better the proper trend right now, no doubt its down but not as much in a weaker currency.
I have been thinking of the possible reasons of the bitcoin falling down. Since I am not an expert on the Currency I cannot predict or give any reason. That is why I want to know the reasons. Please if anyone can tell me I will appreciate. Thanks.
It is simple, you can find the answer if you follow the supply and demand of the market. From that we derive that the supply outflow the demand. Another thing is by looking at the current BTC news trend. There are lots of persecution on Bitcoin mining and that also affect the demand of BTC. So check which one is dominating the media, the BTC hype or the BTC FUD.
The reason why bitcoin price is going down? certainly influenced by the high level of supply and the lack of demand for bitcoin at this time. many bitcoin holders try to sell their assets and switch to FUD currency. However, the cause of the strong supply can be influenced by various reasons, such as the cessation of mining carried out by certain countries and so on.
I have been thinking of the possible reasons of the bitcoin falling down. Since I am not an expert on the Currency I cannot predict or give any reason. That is why I want to know the reasons. Please if anyone can tell me I will appreciate. Thanks.
It is simple, you can find the answer if you follow the supply and demand of the market. From that we derive that the supply outflow the demand. Another thing is by looking at the current BTC news trend. There are lots of persecution on Bitcoin mining and that also affect the demand of BTC. So check which one is dominating the media, the BTC hype or the BTC FUD.
Unlike in the past, the cryptocurrency market does move according to the global financial situation and the exact reason why the market is going down rapidly is because of the fear of recession is looming upon is and in situations like these, investors would bail out and look for much safer investment like gold and the raising of the interest rate is another factor for the fall.
At this time, the crypto movement factor is not too far away, as well as the global financial situation will determine the market will go down or just collapse, the dollar and gold are still the main sources in determining crypto movements, negative and positive reactions really depend on how the dollar and gold react, although in general crypto is not tied completely to anything, but this role is still the same to whatever will happen in the future, recession and inflation can affect fiat currency or crypto as a wholeCrypto does not stand alone and now that it has become a part of the global economy, it will also be influenced and governed by events that are happening in the world. We are in a period where wars and inflation are at record highs all financial markets in general are selling and withdrawing not only cryptos.
With the Fed expected to continue raising rates between now and the end of the year, this will cause a lot of volatility for bitcoin or the market in general, so don't expect too much a growth this year.
I have been thinking of the possible reasons of the bitcoin falling down. Since I am not an expert on the Currency I cannot predict or give any reason. That is why I want to know the reasons. Please if anyone can tell me I will appreciate. Thanks.
It is simple, you can find the answer if you follow the supply and demand of the market. From that we derive that the supply outflow the demand. Another thing is by looking at the current BTC news trend. There are lots of persecution on Bitcoin mining and that also affect the demand of BTC. So check which one is dominating the media, the BTC hype or the BTC FUD.
There isn't a singular reason that market deemed it so. It is but a feeling towards the price that the general population ended up bestowing the results and their actions takes the prices tumbling down. This does not mean that it is a permanent state of affairs, it is only done merely as a way of showing for today, tomorrow yet hasn't shown what it could bring.
If you were to check the prices right now, you will see that it is not doing that badly, there is a recovery going on and this means that we could end up with a profit and a big increase in the coming days. None of it is known, we are just predicting and hoping that we are right, nothing more can be done.
Everyone can expect the bitcoin price to recover after the correction during this time, but they can also expect the correction to last longer and the price to drop to lower levels. I believe that the bitcoin price is in a downtrend, but that doesn't mean that the bitcoin price won't go up or deviate from the trend. If you were to check the prices right now, you will see that it is not doing that badly, there is a recovery going on and this means that we could end up with a profit and a big increase in the coming days. None of it is known, we are just predicting and hoping that we are right, nothing more can be done.
Predictions can be wrong and so can reality, so there are always bad and good possibilities about the price and that has been something to the advantage and disadvantage of most traders and investors.
There isn't a singular reason that market deemed it so. It is but a feeling towards the price that the general population ended up bestowing the results and their actions takes the prices tumbling down. This does not mean that it is a permanent state of affairs, it is only done merely as a way of showing for today, tomorrow yet hasn't shown what it could bring.
If you were to check the prices right now, you will see that it is not doing that badly, there is a recovery going on and this means that we could end up with a profit and a big increase in the coming days. None of it is known, we are just predicting and hoping that we are right, nothing more can be done.
If you were to check the prices right now, you will see that it is not doing that badly, there is a recovery going on and this means that we could end up with a profit and a big increase in the coming days. None of it is known, we are just predicting and hoping that we are right, nothing more can be done.
yesterday the price of Bitcion rose to $40000, but today it is unfortunate that Bitcoin fell to $36000 and has broken its strongest support if according to the trend line,
if the price of Bitcoin is below $35000 then the strongest support is at $33000, and if it breaks, then we will see Bitcoin bleed, like bubbles again
even though the market news sentiment is also not too bad, some even say this is due to rising interest rates in the United States
if the price of Bitcoin is below $35000 then the strongest support is at $33000, and if it breaks, then we will see Bitcoin bleed, like bubbles again
even though the market news sentiment is also not too bad, some even say this is due to rising interest rates in the United States
The number of FUDS that fascinates on social media certainly becomes a strong influence that investors panic, even today the Bitcoin tag which is the top trending on Twitter mostly only makes the discourse of fuds and many people laugh when the price is dropped, but we must be optimistic that the market will soon recover, do not panic and focus on profit goals.
Yesterday the price skyrocketed more than 4% and almost reached $40k, unfortunately today there is a correction of more than 8% and it looks like it will continue, many experts believe bitcoin price will drop below $30k this week, maybe this is FUDs spread by whales to buy cheaply.
When many experts say the same thing, it is likely that something very different could happen. What is the FUD from China? I thought their rumours had long been out of influence in the market because they have done all they can do and now have no influence on the cryptocurrency market. Maybe bitcoin just follows the rest of the markets, which are now falling too?
Yesterday the price skyrocketed more than 4% and almost reached $40k, unfortunately today there is a correction of more than 8% and it looks like it will continue, many experts believe bitcoin price will drop below $30k this week, maybe this is FUDs spread by whales to buy cheaply.
I understand being concerned with BTC price volatility. It’s definitely in a correction right now but give it some time. I suspect it has to do more with the world economy and war in Ukraine than anything else. I recommend being patient and holding long as BTC is bound to reach record highs in the near future. If you look at the price historically it consistently reaches new highs after a correction as adoption and uses for the blockchain is growing.
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