Bitcoin Forum

I just wonder why the market is going down again. I checked the news and didn’t see anything specific. The funny part is when the market is going up it increases in cents and when going down it drops billions. Why can’t it rest on the weekend like everything else!? Nothing makes sense when it comes to this silly nonsense crypto market

You just have to learn the market doesn't need positive or negative news to rise or drop  ;)
In fact these positive or negative news are just pure invention from users who has to believe in a reason when something happens. Let's see if we wait more, if a negative news will be annouced as "reason to this drop" :D

We hit a resistance level at ~11k USD and we didn't break it, so currently, the market drops. We can't predict the future but that wouldn't be surprising to see another attempt to break it soon.

Friend its just a correction so hold tight and relax dont stress your self on it. Some whales are taking their profit right now thats why the market is going down. And we used to see the market before especially BTC last nov-december was bull run and we are not used to see now that market is always bearish. Dont make things rush actually its a healthy correction for btc atleast we still have the chance to ride on it, so make the opportunity to buy more maybe next month it will be back on 20k usd.

it is just a cycle there is a time when it is bullish and there is a time when it is a bearish, right now, the cycle trending is bearish so this is a common things that happening in market, and this is why people should investing in a long term scheme, be a true holder for certain time, so when i became a holder i manage my self, for not over thinking about the current price since i believe the price will be satisfied me in the end of this years (time target goal).

To go to a next level the market need some correction. I think that BTC will go done near 9000 first.

It's normal.
The past time when the price reached 20000K, the market was not green all the days during reaching 20000K. The current situation is the same. Market can be green always.

On this subject you can argue long, but the exact answer nobody will give you, it affects a lot of factors

Just some fluctuations. All eyes on BTC. If BTC will not decline from current position we will see alts growth I guess

You can't expect it to go UP all the time.
It will fall eventually. You just need to hope it will not drop a lot.

Because that is how the market works,if you want to have a market that is going up forever and no single corrections you want to experience,well cryptocurrency market is not for you,there are bulls and bears pulling each other and we are the the rope,if the bulls are tired of pulling us the bears will start to dominate the market.Why you people are asking why market is goign down? of course what does up must come down law of gravity for example.

There was quite strong resistance at about 11k and the market didn't have enough drive to break it, so it went a bit lower again... that's just normal behavior. In mid-term it seems that Bitcoin is in an uptrend again, so I think tha the market will test the ~11k levels in a few days again. The resistance might be weaker this time, so maybe we'll get over 11k.

no nonsense here, maybe you should be more understanding. not all our desires must be realized and you have to be patient. this is normal and you should not panic, this is better than the decline that happened some time ago.

Because the market wont always have green days,you need to know that is how the market flows,after the greens there will be reds,bulls after the bears this is how the market survive,it cant be called a trading market if there is not fluctuation you people need to know that every market should have correction after a good run happened.