Bitcoin Forum

I just want to know your thought about bitcoin price lately its keep dropping  :'( :'(


there some people say its because of miner on xinjiang china (https://www.benzinga.com/markets/cryptocurrency/21/04/20674195/power-outage-in-chinas-xinjiang-region-may-have-triggered-bitcoin-selloff)
any other say because of this (https://www.coindesk.com/coinbase-ceo-sold-291-8m-in-shares-on-opening-day) and in my opinion... nahhh
and here (https://www.marketwatch.com/story/bitcoin-falls-as-turkey-bans-cryptocurrency-payments-11618565622)

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Edited :
today touch below 50K
add more (https://www.reuters.com/business/futures-muted-ahead-jobless-claims-data-att-rises-after-results-2021-04-22/) Biden TAX  :'(


Please share your thought

or it will be bullish and make new ATH 8)

when i look BTC CHART
https://s3.tradingview.com/snapshots/i/i5x3c4DO.png

or another altseason will coming up  ::) i hope altseason coming up  :-\

when i look ETH CHART
https://s3.tradingview.com/snapshots/d/DRBNlAEq.png

Bitcoin will be corrected more and it would be a serious one. After correction, it will go with a side way. I expect to see another bull run of bitcoin next two or three months, not sooner. The soonest bull scenario is after 2 more months but my expectation is for after 3 months.

Altcoins:

• I am sure that they will have another bullish time that it will be triggered with the Bitcoin sideway. We have to wait for Bitcoin sideway.
• Altcoins have two generations: old and new. By new I meant about DeFi, NFT tokens and new altcoins that have been launched since 2020. They are risky. You can get 10x, 100x with them but it is gambling.
• Old altcoins: are safer and they will slowly move up. They will slowly make you richer

It could've been caused by any of those, or all of them altogether. Seriously though, not sure why people are still getting surprised when bitcoin moves significantly in either direction. Are we forgetting that bitcoin has been volatile as hell since forever? And it's not like $54k is a huge drop; we were just at the $40k+ range in March lol like seriously.

One thing I know is that there is currently a correction in the market. the reason is that the market has been in an overbought situation for quite a while. if we put eth aside, some of the other major coins have been losing ground these days. but there is no need to worry as long as you haven't touched the support point, situation is still safe. my prediction bitcoin will fluctuate in the range of 50-60k for the next few months.

The last time that Bitcoin price struggles to Return back to the Hyping position is the same time when this made another ATH and actually it happens everytime before the growth comes so Maybe another ATH to happen?
How can you called it a Altcoin Season when you only relying in Ethereum as altcoin? there are thousands of altcoin that needs to make a pump before this can be consider as altcoin season.

If people didn't make a fuzz about the price drop, I am sure that I won't be quoting and replying in this thread, @mkr is right, we don't have to worry about it, bitcoin was pumping up for a month and you get your knees weak over a dump that has only been happening in a week, don't worry people, just hodl and you will get that Lambo someday.

Since you already show some charting there then why not expand your view thru the monthly timeframe?

Now looking at the monthly performance since the increase last year, is BTC really dropping at this point or considered as bearish now? :)

It fluctuated. Not new. It does happen all the time.  :D
Events and news will have their factors but we cannot accurately tell which of those really affected the price seriously.
But there a solution to this. Get used to it.
It will keep on happening every time the value goes up and next time it goes to $100k, will we ask the same question why it dropped to $90k?
Base on history there will always be a profit time for whoever is selling at high points.

Besides the unsubstantiated report of a U.S. Treasury crackdown, Trenchev said factors for the declines may have included excess leverage, Coinbase insiders dumping equity after the direct listing and a mass outage in China’s Xinjiang province hitting Bitcoin miners.

Since when have we started calling 60K to 54K a crash?? Those of you who are seeing this as a crash can only mean two things:

1. You are part of those silly pump and dump groups that try to systematically FUD the forum, reddit etc.

2. You are too new and got into BTC thinking of "instant riches" and are now shocked to see the price decrease.

The price of BTC goes down all the time. The crypto market goes into these flash crashes all the time. The reason being that the whole space is still maturing. At such times, always remember not to invest too much during a peak. BTC is not for trading, it is to be HODLed. Finally, 1 Satoshi is always equal to 1 Satoshi.

Hello everybody. I want to say that a drop in prices should sometimes unload the market. Many people here understand that a corrective pause is necessary for good growth. Unfortunately, the candle of the fall from April 18 turned out to be too significant, such candles do not pass without leaving a trace, and no matter how the market tries to recover, in my opinion, an update of the minimum to $ 48,000 is still waiting for us. ... Well, in the future I only expect growth.

We can't really pinpoint the exact reasons, maybe all of them contributed to the current downtrend. However, I would say that this is just another corrections that we have seen like every month. When we hit a new all time high, chances are there are people who are going to sell and make profits. Most important things is that we should remain a strong holder.

If you are following the news about bitcoin you can see that there's a fud spreading which make people afraid to hold bitcoins for a while and it really ignite the fear of the people when theh see the market is falling thats why we are experiencing dumps even if the market is speculated tl do a good performance by this year. But even if we are into this situation still I believe bitcoin will bounce and holders still one will get benefits on it if they hold and not dump their coins at red market.

If you think the price is keep dropping then ZOOM OUT.
We have continued to get new ATH for long periods of time and there must be a correction, whether this correction is normal in the market or because of news that it will happen.
The positive side is the price consolidation after the correction above the 1 trillion market capacity levels, which represent a psychological peak of the $ 50,000 levels.

So as long as we maintain a market value above 1 trillion, we will return to $ 60,000 levels.

Price of btc is now around 55k. Btc is most popular cryptocurrency so i believe price of btc will increase soon. Price increasing and dropping is normal at cryptocurrency. Demand of btc increasing a lot, so price also will increase soon.

Maybe you have mentioned one of the reasons for the things happening with the price of bitcoin but I am just wondering why some are still surprised with this thing, we have been experienced this thing before, we should always expect that things like this might happen and now it is happening but it doesn't mean that it will continue on going down to the point that the things happened in 2017 might happen again, I know that some people now are thinking that way, which is probably not going to happen, there are already a lot of things happened between the year of 2017 to this year, bitcoin will still recover from this drop.

Bitcoin makes a correction this time and unfortunately, the correction getting down too deep and it stays at $54k-$55k level, but we do not know if the price can stay at that price or go down for more.
Meanwhile, some altcoin can increase for a while and give us a chance to make a profit and that means we can take profit from the altcoins.
Bitcoin will always be like this and there is no need to worry except prepare your money to buy back Bitcoin at a low price so your bitcoin amount can increase and you are ready to sell at a high price.
You can also accumulate more bitcoin by using altcoin to make a profit in bitcoin. Just be patient and still trying to make a profit.

Well, every news have something to do with the market movement.  This is not new in Bitcoin market especially its market is still highly volatile.  If you are around for sometime now, you wouldn't be surprised or shocked anymore of price movement like this happens. 

As far as I can see, this is just another higher low, Bitcoin bull trend isn't over yet.  I agree with tranthidung, this is just a correction but I am not sure if it will take that long 2 months for the Bitcoin market to bounce back.  If it takes that long then possibly altcoin season will take over.

Bitcoin is more popular in cryptocurrency.Now bitcoin price is around $54k-$55k.What happen  to next?I think bitcoin price will rise and it will be reached $70k this year.Amd it will be stable. We need to keep patience.So don’t worry, bitcoin price will rise again.

if the problem occurs because of a power outage in the Xinjiang region of China, there will be problems with the bitcoin network and very disturbing to bitcoin miners in the region. I think if this is the only thing that causes the price of bitcoin to go down, it means that it won't take long for bitcoin prices to rise again after the electricity in China's Xinjiang region has normalized.

What we need to know is that Bitcoin is most familiar to people as a crypto currency and the current news that is very significant about the decline in the price of Bitcoin, I think there are other factors that have triggered the decline in the price of Bitcoin in recent times, although currently news about Bitcoin is often associated with Tesla.

If you look at CoinmarketCap, there you will see the massive sale of Bitcoin caused by the 'blackout' In my opinion, in the mining block area of ​​China against Bitcoin, this is also one of the factors that triggered Bitcoin to plummet in the last few days, This is one factor that I know, maybe many others about the Bitcoin price plummeting lately.

now bitcoin has a lot of corrections because most of it was over in the market yesterday but if you say the altcoin season I think this is too much if we just take eth sample only. for the next few months I hope bitcoin will rise back to a more stable price and when we know that in the past few months bitcoin is even worse than now, but a few weeks after that bitcoin has risen again.

Most of them are because of certain celebrities hyping a coin. Some people these days are just worshipping their favorite celebrities.
On the other side, Bitcoin's being adopted to pay some Tesla anyway.

I don't think that there's any connection of the sold stocks of Coinbase into its stock market. That's a different market compare to bitcoin's market.

It is not a concerning thing if it's dropping. Because if it hasn't dropped, it's hard to know when the pump would stop for bitcoin and we're in a guessing game when it shall correct. But with this correction, this gives the entry for the investors and an idea that the upcoming recovery is big.

Not have the same moment for bitcoin and ethereum price, every time when bitcoin dump just see ethereum back to lower price, but now bitcoin last two days always dump but keep raise up with ethereum price, Maybe have support with ethereum upgrade v2 and make price still on higher, just my opinion and maybe some one else have different with me.

You have mentioned some possibility issue of dropping the price of bitcoin. In my opinion, it is on correction and for this the price of it is decreasing. I hope within some days, bitcoin will be able to recover its price again.

No matter what the reason is, we keep forgetting how volatile Bitcoin is. There is no way Btc keeps on making an upward movement without going down at a certain point.
There are people who would really sell or go short at this current position.
The price is currently $52,000+, and this has been the lowest since March. Of course we're still in a bull market and most importantly the $50,000 remains a strong support.

I'm worried about the possibility that we could see another big correction soon. The price has come down to 50k dollars now. If it goes under 50k, I wonder whether it will manage to recover this time.

Be responsible enough to know that there will be a correction to follow if Bitcoin sometimes gets out of hand . Throughout these year it has given us some large insight on what of bitcoin has become. It is facing a bullish time right now but it's still not the time to buy let it subside much much lower.

It finally going straight down and those who ask for this (bear season) were very happy. But for now, I stand this just for a short market correction considering that we are still above $50k. I was waiting for it drops below its stronghold $50k so I can call it the start of the bear season.

I'd find this not new to the market and this is probably the effect for more investors are now focusing on investing altcoins, NFT, and leaving Bitcoin out of their minds. It eventually has this possible scenario, however, I never feel such worries as I was already prepared and expecting for this everyday.

This deep is a correction in the price of bitcoin tho the correction is really going deep, I think no need for panic this is not the first time such correction is going too deep, already most people must have sold in lose in these deep and be happy, to them there think there are lucky cutting thier lost as early as possible but so bad there are  selling at a very low price and willl come back to buy at a higher price when the market must have pumped real good. One thing i notices people don't really appreciate the dump whereby this dump is an opportunity for everyone to make profit because surely prices will bounce back and even hit new Alths.

We are in the alt season now. Money is being withdrawn from bitcoin to be put into alts which cause alt price increase steadily. Ethereum has formed the new ATH and it is promised to increase even more. I just wonder how high the ethereum fee right now. Investors have suffered large fee for many days and now they might be even more frustrated

Bitcoin will soon increase back to the track. I believe the main reason behind this dip is that institutional investors decide to take profit for the end of q1 this year

The market situation is still really good. The earlier market crashes were always sharp spikes, and then collapses. Now we are in really flat territory. Also market participants are different, a lot of institutions, who do not move emotionally like retail. The last correction wiped out a lot of leveraged longs which is also good for stability. On top of that all market cycles had 40% market corrections, So we are really not there yet. I feel pretty good about where we're at.

For you but not all people would really be having the same impressions where they do still feel pretty good into the current situation but rather they do freak and panic out.

For market fluctuations then if you do have some experience on how this market works then these scenarios or events wont really surprise you but rather you are already

anticipating for it to happen.We cant just see a market that do really continue to rise up to $100k and keeps breaking new ATH which is impossible.

As always the causes of the fall in the price of bitcoin are not exact.
Coindesk points it out in this article:


What we have to do is keep calm. The price of bitcoin largely depends on our having a good market because even bitcoin has a purpose.
If the most influential men and advocates of bitcoin like Jack and Musk have agreed that bitcoin miners should work hand in hand with firms with renewable energy.
IMO that's one of the main things we need to work on to make bitcoin a solution rather than a problem now that climate change requires urgent attention.

Damn after recent news with Biden bitcoin dropping again, and the altcoin i see bunch new altcoin trade on BinaneSmartChain, and most of old altcoin already achived new ATH event tho is not pretty much.

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yeah maybe its time some correction but because newbie and combined with emotional trader like me, i already lost 350$ on those dip that i hard earned for 2 month+  :'(.

Careful Guys and trade with Caution  :)

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and by the Way EtH touch new ATH  8) and drop again  :'(

i just saw website https://www.blockchaincenter.net/altcoin-season-index/
and combined with this
https://s3.tradingview.com/snapshots/4/4o3Fu8kV.png

At times like this where Bitcoin has a fall in many of the news platforms, possible scenarios always come out for which the price falls, many have been costed to know the reason, many believe that it can reach $43k due to the degree of correction that history has shown us as stated by Peter Brandt with a 35% possible correction, however in this article they say other possibilities which causes the strongest correction or fall:

Source: https://www.theblockcrypto.com/linked/102690/bitcoin-price-below-50000?utm_source=cryptopanic&utm_medium=rss (https://www.theblockcrypto.com/linked/102690/bitcoin-price-below-50000?utm_source=cryptopanic&utm_medium=rss)

It remains to be seen if it is the real reason, everything is purely speculative and anything can happen and can be invalidated, but at least it can give an indication of what may be happening.

That's bitcoin and the cryptocurrency markets for ya. You really have to expect that huge sudden price movements are always on the table and toughen up a bit and if you want to survive. And that's the risk you always have with trading/investing. :P

Today bitcoin dump with bad announcement from Joe Bidden as United State America, I think he want to make bad rule for crypto exchange and get negative respond where many people panic and selling bitcoin, price drastically dump from $60 above and now become under $49k, this bad news and make many people panic for selling assets although have loss much.

I don’t know for all those that are always trying to make up stories on why the price of bitcoin is going down. People usually do this all the time, they try to look for reasons and then create stories why they think that the market is crashing and then they started spreading the news around. So, we can’t really tell, all we know is that the market is going down and this is not the first time it is happening, it can possibly be that some whales or institutions are selling their coins, and that’s what is causing it or the cause can be something else that led to it. As for the miners, I don’t know anything about it.

I'm thinking of thing, that's much contributing to the instability and the volatility of the price;  (the block size limit) and also the very high fees "imposed" peer time to the transactions ..  this is a high discouraging factor from transacting .. so that's make situation of >>  users discouraged / restrained from acting freely, > critical decreasing, refraining of transactions > lower transactions  number = low/no velocity > lack of velocity = broken/hurted stability = crashing factor !    

I am never what have on their mind because when bitcoin on the top price they want to see bitcoin back to lower price maybe dump about 10% or 20%, but when bitcoin really going down yesterday I see many people panic for selling coin and never try to buy back, what their mind thinking when bitcoin higher price want to down, but get chance bitcoin with lower price never buy back and waiting to buy after bitcoin raise to higher price.

The last news revealed bitcoin price keeps falling because the new US taxation policy that is going to increase fees over investors' profit, what include bitcoin investors as well.
I'm not so sure if it is really affecting bitcoin price that much, but it's clear a correction is happening right now.

I think there is some economical instability on the air, many uncertains around the world, while new decisions are being taken right now which will affect all the nations.
Probably big investors, those who really cause significant fluctuations on the market, are calculating carefully where to put their money next.

As a related piece of information, China has controlled the supply of electricity to large mining farms bitcoin in the Xinjiang Region in China.  Logically, this will have a temporary price effect.  Resonance with new taxes from the Jo Biden administration.  

It has partly caused the problem of inequity in terms of appearance.  Although the purpose of the Biden administration is towards human rights.  Stock also declined due to this problem! Lol

Both of those had the correct reasoning behind the fall for sure. I think there was a two part fall, first the miners went down because of the electricity thing and that caused the price to fall a bit, then the tax hike thing was announced by Biden and that caused the price go down even more. So, I believe that two news was good enough to drop the price a lot together.

This is why I believe we should not be worried, it is not a fundamental problem so we should not be worried at all we should be focusing on what the future holds, these problems will be solved, the electricity I am sure is either back on, or will be back on eventually, the tax hike will happen or won't happen but that will be old news, all of that will pass and bitcoin will be bitcoin so there is really nothing to worry about at all, which  is why I think it is totally fine for us.

I think you have put all your money in bitcoin if want to be rich later and never take care with bad news, just simple way when hearing with bad news you can buy more and sell later after many good news about bitcoin and altcoin. you need to know how really good way when try investing in bitcoin or altcoin, never panic moment when bitcoin get bad news just the best chance to buy back again.

That must be a practical suggestion and that was proven once again with recent market correction and its recovery. I was reading lots of people on this community continuously keep suggesting about making use of those correction and as per their speculation market solidly bounced back toward $55k levels and I guess a new ATH is down under.

Moreover, we never need to worry on what is happening with the bitcoin market because it is happening for some reasons and only for the people who are realizing those reason out of their experiences simply making use of those corrections.

Its easy to say actually but hard to go on that situation where we see the market dumping since if they just invest without proper knowledge I'm so sure that they will be panic once there's a fud spreading over the net. Better to invest on knowledge first so that they may have basis on market scenarios and can able to do the right action if they are knowledgeable, after that they are ready to trade then can start to buy bitcoin or other alts they desired.

It's clearly says in OP who ask about what happens in Bitcoin price and not asking your opinion about investing Noob.
Do you understand what have you say? because it seems that you're the only one who knows the meaning.
Reported Post, Nonsense and not worth reading lol.
What? where did you get this? from twitter ?

Indeed, right.
And many investors will even forget their goal once seeing the market declining. It could be natural to say I HOLD, yes we should but later on, we will see that everyone is selling...Could be funny but that is the reality and even for me, it is really hard to do it especially when you have been influenced by your emotions.

Many bad news about bitcoin last week after Joe Bidden given bad information about crypto exchange now I see many new tweet about Tesla company sell their bitcoin assets about 10%, I don't know this way by Tesla to buy back bitcoin because many people will panic for selling bitcoin right now if really true with information about Tesla sell 10% bitcoin assets in his wallet.

People are notorious for their short term memory and most of them always have the attitude of what have you done for me recently? Bitcoin is recovering after the drop to the point that we are back at the beginning as if nothing had happened and yet people are bored with what we are seeing, this is incredible because if you had said to me one year ago that we will be seeing a price so high I would have my doubts, and yet here we are and people are still disappointed with the price of bitcoin despite how high it is.

yep but for now its recovery and i heard about tesla sell its only to prove liquidity of hodling bitcoin. i think in the next couple of month they will buy more

It looks like the price is going up.
https://imgur.com/Yx7nGqT

Tesla sold? I just come to know about this. I guess must need to check on crypto news portal for knowing better on this. Do you mean that tesla needed to prove that they have invested only into a safe asset like they can get their money back at any time they prefer and for that reason they sold recently? But, their action for proving themselves costed entire crypto space -20%, honestly annoying.

Lately I started hearing various news for the reason of recent correction of bitcoin markets and not sure which had happened first and influenced the most.

many people believe with this news but I am not sure, bitcoin dump extremely last week because Joe Bidden and Turkish exchange where the owner run away and many people loss much money on that exchange. I am not sure believe with Tesla announcement without see tx id about sending or receiving coin, many time they make news about buy bitcoin or dogecoin but still not have proof about their transaction history.

I believe we just need to leave off without looking for the reason which caused the recent correction. Because, right now bitcoin market into bearish mode once again but this time it seems having technical fluctuation as market is not falling drastically but it is coming down very slowly.

When we are having downfall like these with supporting volumes then we can assume about rising up at any time soon because traders who booked profits might be buying back at cheaper price levels soon.

People are really that mindful anytime the price do really make out some movement its either they would find out some technical reasons or fundamentals ones which is really normal.

Its really hard to ignore and simply say that we should leave off because its part of human being on being curious on what are the reason behind these drops or even on pumps.

People would always look for some reason.For those who had been on this market for years already then these drops isn't really that common after all because we cant just see
a market that do only move on single way or path.

There is a factor that I would like to share with everyone, is that now in China they will have greater supervision in terms of mining, because the issue of high consumption has reached the government itself and they think that taking some measures can make everything flow better for The country, however the USA has been studying how to take many of the miners despite the electricity rates, some think that as it is more expensive it is worth it.

Source: https://cointelegraph.com/news/bitcoin-mining-in-china-set-for-stricter-supervision-due-to-carbon-concerns (https://cointelegraph.com/news/bitcoin-mining-in-china-set-for-stricter-supervision-due-to-carbon-concerns)

Many believe that the fall of Bitcoin this April was due to the decrease of the hash, although mining is very important I think that this is not the reason, nor that of Biden's tax reform, I think that the fall was due to natural action From the market.

You are looking at the price of bitcoin in such a short-sighted manner, if you look over all, the price has got so far and a little price correction didn't hurt anybody. It doesn't really matter if you are bitcoin is going down because in the grand scheme of things, it will eventually go back up.

For now because of the big panic sell that caused a bigger than normal correction we are in an accumulation phase where price goes sideways. There is also a lot of FUD they have been spreading (some of it new) to prevent the rise from happening sooner than they want it to.

This means if bitcoin stays in this small range for a little bit longer OP may get his wish in seeing some shitcoins get pumped until bitcoin makes its next move and they get dumped again.

Why all the buzz when Bitcoin is going down, only those who buy late will complain when the price is going down, but those who long time hodlers and those seasoned investors always knew that the price dip is just a momentum for the price to pick up again in the bull run, 2021 is a new year of bull run and I don't see the price crashing unless we see a scenario worse like the pandemic.

I guess bitcoin is breaching all of the manipulations like how it denied to fall below $52,500 levels. It means its supporting levels around $52k is holding right now too strong which depicts we can see bitcoin market is to be launched toward $58k levels at any time soon.

I am also in favor of witnessing sideways moments for few more days but we are going to end the monthly candle by tonight hence there might be new things to happen from tomorrow onward which may lead to probably a new ATH as well. Getting bounded within ranges is always good because that is basically a launchpad for another round of bullish markets.

Exactly, my hunch is that probably the people who make a big deal out of bitcoin price going down is because it generates clicks and it makes their agenda of making bitcoin look like a bad guy.

Nowadays, I don't look at my portfolio so much. I'm not going to check my wallet until BTC hits $70K. Those red or correction won't last forever. Actually this week starts promising after miserable last weeks. I'm trying to compare the situation now and then, it was wise decision to hold. Meanwhile, praying that Biden would not push to tax crypto.

Because people is greedy. They don't notice gain since they want it that's only negative price gives them most of concern. Even Bitcoin price pump more than 100% within a day, People will still enter on the peak because of greediness which results to FOMO. This is a common scenario in crypto and a simple click profit for this kind of news is not that big impact as reason.

Its pulling back from the 50 day average but above the 2 day average now, if it can stay above 54240 for the day then this trend positive I think.   I see price action as possibly bottoming  (https://talkimg.com/images/2023/06/12/AVEiv.png)out in its retraction from the highs so I'm not certain it is negative or just correcting and consolidating after such a large move, people will take profits from their trades naturally.

The short-term Bitcoin is taking turns of a lot of volatility, many are waiting for the bullish trend of Bitcoin, it is difficult because when they try to push up the bearish ones they do not stop, I do not know if when they make these efforts it is because they are testing the offer at low levels If right now they raise the price to $ 60k or higher, they will be selling a lot, then the bullish trend will not be consolidated as investors want, because the offer will be too much.

This short-term analysis is shown here:

https://i.imgur.com/Bw7Ffye.png

Source: https://u.today/btc-eth-xrp-and-bnb-price-analysis-for-april-30 (https://u.today/btc-eth-xrp-and-bnb-price-analysis-for-april-30)

That is pretty much it or at least that is the story we are being told, while it is obvious we do not like what happened there is a chance the story is actually true, we must understand that Tesla is the owner of the bitcoins and not Elon, if Elon is truly a long term holder then he could just hold his coins and forget about them, but since those coins belong to Tesla then he needs to listen to his advisers and maybe not everyone is on board about bitcoin and holding for the long term and he had to prove to them he could sell his coins just as easily as he bought them.

There are rumors that Alibaba bought Bitcoin worth of $20B but it turns out to be just a rumor or just connecting to blockchain https://www.youtube.com/watch?v=MDdCQiuesCQ

What the reason behind on current price increase on Bitcoin? Its really hard to find up some fundamentals that do connects or correlates with the price.

These same people that you are mentioning are probably privileged pieces of shit that do not appreciate the small things that happening and all they ever do is whine about how they are losing money when they could've not panic sell when the price did a temporary drop.

Those people are going to exists in any market, those that continue to bitch around with the price plummet and the first one to exit because they are in panic mode, afraid to see their portfolio going down.

As far as crypto goess, mostly newbies around, who thinks that bitcoin is a get rich scheme and in every temporary drop will create threads and says that they are nervous and then push the sell button. Hard lessons for them to learn though in this market. Never panic but look at the bright side when the price is going down, - accumulate more.

I don't know why? You are a hero member rank it means you already in this forum for a long time, but your comment and act like a newbie, like a panic people?? Seriously bro, you should not worry about that because Bitcoin will recover as soon as possible. Everything you see the price of bitcoin dump massively,  don't miss to buy

The power outage in the most potential place for the mining farm in China, in general it did not bring the pessimism to panic dumping occurred at that time.  On the other hand, it will be the premise for bitcoin to steadily grow and progress exponentially for demand. 

The main reason that could be depressing and the lack for bitcoin price could come from the Vebitcoin exchange, continues to fail in Turkey.  But then bitcoin recovered when it reached 58k, and remains at 56k now.  Sounds good and just needs resilience, bitcoin will go upwards of $ 60k, which can go up slowly or take some time.

So it turns out that the Alibaba buying Bitcoin is just a rumor then.
But it looks like that it fueled up the upward movement of Bitcoin at least a little bit because right after this rumored has been spread online, it went up IIRC by around $500-$1000.

After all, I think the reason current Bitcoin's surge is the sentiment. They might see $47,000 as the potential short term support thus, people who are patiently waiting the dip finally entered and bought some Bitcoin. With regards to fundamentals, I don't see too some good news to it or maybe the ETH futures affected the price of Bitcoin. Overall, we've seen this many times already that whenever the market becomes bloody the next days will be a greenish market :D. Easiest profits :D

It is just one of thousands rumors that are fabricated during the uptrend. Some might be true but most turn out to be nonsense. There is a bigger rumor saying that facebook is going to announce that they are holding bitcoin (even Fox News quoted this statement)

The situation of the market is the same as it was in 2017-2018 and now it is a good time to make money not just by bitcoin but by any cryptocurrency. Cause of that reason, bitcoin is bought whenever it has a correction or falls to a new dip

Bitcoin really struggling on this point because when i saw the graph the price now slide down to 58k within weeks.. Just imagine from 60k and now thats the current price.. I don't know if this is already the new support of bitcoin because still makes a long fluctuation than strong uptrend.. This seems gradually losing strength in my opinion.. Unless if it shows a high trend again within this week wherein perhaps there is a potential to go back to the ATH again.

The price of bitcoin right now is at 58k, I do not think that is what I would call struggling, now I know there was a significant correction some days ago but the price immediately recovered, people need to learn how to relax otherwise they are never going to make it in this market, if you have the goal to become an investor then you need to realize that most of your money is going to be made not when you make an amazing movement to try to earn more money but just by waiting.

panic is a natural thing for humans so we don't need to be related to the rank of someone on this forum, maybe there are certain reasons that make him panic and we don't know what the reason is but for sure every bitcoin market is experiencing a correction tenti will provide an opportunity to some people buy bitcoin at a cheap price, because basically the price of Bitcoin depends on the balance of supply and demand (market law), when bitcoin gets a lot of demand, the price will go up, Vice versa, if supply is high while demand is low then the price will go down, so when a price correction occurs many people are competing to buy bitcoin and it will automatically push the bitcoin price back to the top.

wow, i see that my stolen account that i created 5 years ago that you actually own is still active. Good to see. Cheers.

You are right and I have said it in one of my posts that people need to fall in love with the project technology while they ignore the thought making money through their investment before they can be a successful investor.
I believe the reason why she considers the market to be struggling is that the market is not experiencing a pump in price like some weeks ago.

No one knows.! Its really hard to make out sentiments if you do know that this market is something that you cant just point out on where the price could possibly go.
and thinking with all the possible factors that could affect such price movement behavior.We do always end up on having the same questions all over about on where it could possibly be heading
on next minute,hour or day but eventually this do talk about demand or adoption which would dictate neither we would go up or down.
Volatility is no surprise because it would really be just always like this.

We looking to make a bearish pin candle today which doesnt have to matter by itself but it just means retraction from a price for some reason.   Puts us in danger of peeping over the top of something important like 50 day and a few other moving averages then moving right back under again which seems to indicate doubts are in play and we need to revise prices further at a lower point then here.
  Its not properly bearish till we form something more definite over the week, hesitation for now.

However I wrote it elsewhere, keep calm stay orange, enjoy the Alts like someone who goes to carnivals in brazil and returns safely to his house. There are many ALts in disguise, bitcoin is without masks, the price shows it, below $ 50k, close to $ 60 and among its normal volatility makes us to dream in the short term with a new ATH, so nothing happens...

For now the price is oscillating between $ 54k and $ 55k, some are accumulating in the correction, it is a good strategy but mainly the bulls are making a special effort to lift the price to at least $ 64k and possibly generate a new ATH, the volume of Trading is good, a good rally is likely to take place, this analysis gives us a short-term focus:


https://i.imgur.com/YoMDiVW.png
Source: https://cointelegraph.com/news/price-analysis-5-3-btc-eth-bnb-xrp-doge-ada-dot-uni-ltc-bch (https://cointelegraph.com/news/price-analysis-5-3-btc-eth-bnb-xrp-doge-ada-dot-uni-ltc-bch)

Ideally, it does not reach a price of $ 50k to $ 52k because it is more difficult for the bulls to knock down the entire offer, what is sought is that a liquidity pool can be generated as in $ 58k so that the market has more solidity.

Yeah, healthy volume across exchanges must be the good thing to have right now. It seems investors and traders are too busy with some of the altcoins which might be the reason why we are having bitcoin markets into stagnant state right now. After recovering from $47k levels toward $58.8k seemed promising to get us another ATH but market somewhat lagged with enough buyers to push forward as it was failed to breach 30days moving average.

Now after consolidating around $53 levels, I guess there could be enough power to break the resistances $59 to $61k levels to open door for $70k which may be possible by end of this week.

more and more people dream of bitcoin above $ 70k of course there will be times when it is hard to happen,
because psychological resistance is priced at $ 70k, if you can get past $ 70k maybe $ 100k can also be reached,
it is very confusing to see the price of Bitcoin go up and down in these days, is this sideways? or the price is in a bearish trend?

53500 is area I heard called out as fairly critical, Iam just observing that it has stayed consistently below a 12hr (https://talkimg.com/images/2023/06/12/AVtOJ.png) average for 18 hours now. Thats quite an adjustment from the top, I dont think its resolved in either direction yet clearly there are still holes in the price allowing fallbacks.

53321 the low a few hours ago, we just made a slightly higher low then that which could be some positive to take  and an easy point to observe as to wider direction and positive or negativity in pricing.   Generally any fight forms higher lows as part of that and we have had only negative action looks to me just recently.  The more dangerous part of this is if we put in a lower higher on a much more important time frame like a daily bar.

I´m not one of those who believe that market prices fall when there is a news item that is political or of little relevance, for me the only way that markets fall is with a "Fundamental", since the market does not react instantly when there is a News.

In this case there is news that the media is saying that it is very likely that it has fallen a little, not only the bitcoin market but the stock market as well:

Bitcoin, Stocks Crash After Janet Yellen’s Statements of a Possible Rise in US Interest Rates


https://i.imgur.com/5PUfI76.png

Source: https://cryptopotato.com/bitcoin-stocks-crash-janet-yellen-staments-rise-us-interest-rates/ (https://cryptopotato.com/bitcoin-stocks-crash-janet-yellen-staments-rise-us-interest-rates/)

I think that it may be a mere chance, and that it coincides with a simple market correction, it is normal and it may be this merely speculative correction.

Bitcoin's behavior has indeed been seen from the end of last year to deviate from the prevailing habits, but for some people this is the right time to do daily trading, because with up and down movements that always occur, the price difference can be used for day trading.
many enjoy it, although bitcoin is still a great long-term investment.

I agree with your opinion, many are expecting an increase of up to $ 70K, which is a crucial number of bitcoin, when it will continue to move to provide renewable ATH continuously. later there will be more corrections but it won't go below $ 60K.
continue bitcoin will do that until the end of the year, at which time bitoin will increase at a fantastic price.

Precisely, no one knows exactly what is really happening on the cryptomarket because no one has a control over it.
All of what we have know about the fluctuations of bitcoin price especially the sudden dipped of bitcoin exchange rate the past few days which led to an exact exchange rate below $50k was just a price correction.
In which in fact, this price corrections are just a natural phenemona of cryptomarket, it only shows the imbalances of supply and demand of the token.

People keep looking forward to see that because if the bitcoin price reach that we can see so many hodlers earning a decent amount of cash on their bags also for reaching that far we might see bitcoin will be possibly the content of the news so expect more people want to see this since it brings positive effect to us bitcoin users.

Although its hard to happen by now but there's no impossible since bitcoin always breaks those what we think impossible.

not in a bearish trend, this time Bitcoin is experiencing a sideways or accumulation stage,
because it is still stuck in the $ 52k to $ 58k area, and look at the $ 58k resistance is still very hard to break,
and this is good news for altcoins, because if Bitcoin is sideways space for altcoins will be wide open, yup altcoin season starts soon baby!

The price of BItcoin has gained a better price little by little, between yesterday and yesterday it has gained 2% making traders and investors reduce their concern a bit, although the volume is quite representative I think that now there is still some insecurity. For many, when the altcoins some have gained up to 20%, the dominance has dropped to 42%, but I think it is not representative because at any time according to PlanB according to the S2F model we are about to start the second cycle that is looking for the $ 288k, the end of the first cycle will occur when it reaches $ 100k.

Some companies like Squeare are winning thanks to Bitcoin, this is positive as their profits increased by 2.5 making BTC revenue 1000% in 1 year.

According to Jack Dorsey, CEO of Square said:


Source: https://cointelegraph.com/news/square-s-earnings-2-5x-expectations-bitcoin-revenue-up-1000-in-12-months (https://cointelegraph.com/news/square-s-earnings-2-5x-expectations-bitcoin-revenue-up-1000-in-12-months)

Bitcoin have been testifying to break $58k couple of times, but it won't happen simply. But, yes in the long term it will break 60k until then let's enjoy some alt profits. Now, it's good time to build your BTC portfolio. At this point genuine alt are bouncing back in the game but sideways market are frustrating to watch.

Perhaps what he/she meant is that the price is not going on parabolic rise.

And so we should understand that sometimes we will have to go to correction phase, a healthy one so that we could go and enter when the price goes down. I agree that being a bitcoin investor, we really need to realised that it is more than just waiting for the price to go up. You need to be mentally strong as well and wait for a while to get huge profits.

That is definitely correct. There are way too many people who expects coins to go up constantly without ever going down, but the reality is that we are not going to see it go up all the time, sometimes it will go down and that is just normal, but some people just do not realize that. So in the end, we have a lot of people who are sad about bitcoin sometimes dropping but they do not realize that we can't always go up and that this is a healthy correction and it allows us to get rid of the sell pressure.

This is why it is definitely something that will help us in the end, let it crash time to time, not too much of course but just enough like it has happened recently, I do not like to see drops bigger than 33%, so as long as it is less than that it means we could actually have a good recovery and it is actually a good price to buy there and add to your wallet as well.

What happens with bitcoin certainly makes altcoins move freely and bitcoin does not interfere with what altcoin will do to be able to move up. The correction of bitcoin and the stability of bitcoin will allow altcoins to at least be able to break away to get a chance to increase.

let altcoins increase because it is needed for many projects to develop properly when later on the exchange and bitcoin starts to increase again. there are many opportunities for altcoins to increase and the time available is quite long until the end of this year.

let the bounty also enjoy this change, because so that everything related to crypto can all get results

I believe altcoins are a great way to test stuff that could actually get the interest of people. NFT existed waaaay before this year, it has been around for a long time yet some people tested some stuff with NFT and then some others marketed it and suddenly this year it was a huge deal. Decentralized exchanges was a thing way before this year, defi was not something new, it existed yet this year it was a huge deal.

Basically I believe altcoins are a place for crypto world to see where it is going, that is why I think altcoins should be let freely, just because bitcoin price drops that could result with altcoins dropping and that is not helpful at all, it stops or at least slows down improvement in the blockchain world and none of us should want something like that, it is not helpful for our future. This is why I want altcoins to be independent from bitcoin price.

and now touch 40K zone  :'(


and i dont see gonna touch 60K zone soon

It's difficult to discern emotions once you understand that this is a market where you can't simply point out where the price might go.and including all of the variables that could influence price movement activity. We still wind up asking the same questions about where it could be going.

Uncertainty reigns, many are betting that Bitcoin will fall, but seeing how the market is developing these days, BTC may be taking a course of sustained recovery, safely and possibly with a view to a bullish rally to burst emotions and free everyone from the FUD that has been done, in this article analysis they show the following:


https://i.imgur.com/RM4Y57O.png
Source: https://cointelegraph.com/news/will-bitcoin-successfully-turn-37-000-into-a-new-support-zone (https://cointelegraph.com/news/will-bitcoin-successfully-turn-37-000-into-a-new-support-zone)

There is talk of this resistance at $ 37k, personally I will be a little calmer when BTC recovers its value for $ 40k ecinam, it is not difficult, it is something that can happen at any time and the fact that it reaches $ 40k gives more confidence to the investors.

BTC is looking strong. Just got over 39K again which is above MA 50. Now we need to close above $40,000 and this will be coming shortly. Its a guessing game at the moment, I don't think actually what will happen. In all honesty mate, I think we’re still gonna lower the 30K. Happy to be wrong, but also happier to accumulate lower. But who knows lol.

I am happy that Bitcoin finally made it to the price of $ 40k, this is a sign that Bitcoin has really recovered. Hopefully the Bitcoin price can continue
to rise even higher. I am also optimistic that Bitcoin can quickly return to a price of $ 50k in the near future. Therefore if someone managed to buy
Bitcoin when it fell below $ 35k, they would now have made a profit, but my advice is not to be too quick to sell the Bitcoin we have. Because
the price of Bitcoin can still go up even higher, so for now it is better to hold the Bitcoin that we have. So that the resulting profit can be even greater.

For many of the BTC newbies they can say that the volatility of BTC is a lot, but for the most veteran not, we have many theories by which to support us, like that of PlanB, which states that BTC will reach $100k - $288k, when ? It is not known, but if many are clear that $ 38k will not be the final price:

https://i.imgur.com/SlgASQK.png
Source: https://ambcrypto.com/this-bitcoin-aspect-is-unbelievable-for-some-while-its-too-much-for-others/ (https://ambcrypto.com/this-bitcoin-aspect-is-unbelievable-for-some-while-its-too-much-for-others/)

I think that there is still a long way to go, this is just beginning, the bullish trend of BTC for me, still has a long way to go, if most investors and traders are waiting for it to reach $ 100k, it is likely that after this mark it will come. The really exciting thing, if BTC hits $ 288k this or next year it will be a phenomenal thing.

$40k is a really tough threshold to break the strong resistance of the bulls.  On two occasions this week, we see that the market has managed to make a comeback, although the RSI still shows greater selling power.  And the crossing of FUD becomes the main focus, the electric power of bitcoin, the usd $... However, this correction will be good, and almost take time to break.  We must be patient.  The bears have turned short, it will.

The movement of the market is quite scary for newbies or for those who are investing for the first time, it's slow to move up and fast to move down, right now as I'm posting this price is at $35k level and Bitcoin was down 11% for the last 7 days, this month has been hard for traders it started when news of Elon create a FUD on Bitcoin, but it's not really the case since Elon is not selling his Bitcoin or not yet, hopefully, he will not.

If you are a new investor then you must learn how to risk and be strong .

I know we are here to invest and learn , but we also need to be aware of the incoming profiting if we can HOLD and keep .

patient, everything will be beautiful in time, we are given a low price why be afraid? And why is it sad?
In fact, if the price of bitcoin is cheap then this is a golden opportunity to be able to buy it before it reaches the new all time high,
have you seen the history of the bitcoin price chart? try to compare the 2013 chart and the 2021 and I am sure you will definitely understand.

Emotion is one of the enemy that you would have when it comes to investment specially dealing up with unpredictable market then most likely you would really be actively engaging on making decisions
due to volatility issue and you should really get used to it because if you do make yourself easily panic then this would really result into bad decisions towards your investment or trades.
Bitcoins price is always volatile and you should be aware on that but if you do only go for long term then these movements wont really be an issue at all but if you are a day or active trader
then you do need to deal with these movements.Its risky but rewarding if done it right.

What's your issue if the price is between 30-40K range for some time ? Did you bought at high or are you in future trading where you are about to be liquidated ? If you know how to manage risk, then there should be no need to worry. Bitcoin will go up eventually after all these corrections.

there is always a gap and hope that bitcoin movements can do at any time, yesterday we were surprised by bitcoin experiencing a very deep correction. but who would have thought that at the end of last year bitcoin was able to move freely and at the beginning of the year, which is usually a correction, bitcoin actually experienced renewable ATH several times.

there are always opportunities that bitcoin can do, moreover that the increase in bitcoin will actually occur at the end of the year. so there could be an opportunity for bitcoin to improve and stabilize its price to be able to take a leap higher in time. must always be optimistic with bitcoin

Most provably he buy bitcoin at high price thats why he is asking this questions here, but people don't need to worry since if they didn't dump this is totally not a lose for them there's still chances that bitcoin will recover. But we don't know on when this one will happen but what good thing is bitcoin is showing some good sign these days.

there is nothing to be afraid of for the mid-term and long-term,
because the price of Bitcoin if you draw the support line to resistance it always rises high, yes even though there is a long bearish cycle,
Bitcoin investment is still very feasible, just how do we buy it, is it cheap? or expensive

It s only normal that the price of bitcoin goes low just don't panic surely it will be back to gain its value again. Just like what happens when the bitcoin price crashes in 2018 many have panic in this situation and they never know that its only normal for a cryptocurrency to crash in its price, and most of the cryptocurrencies then seems dead but in years goes by they suddenly rise up in value.

It is necessary to highlight that the price of BTC is due a lot to the Supply-Demand and Influences on the part of people who move masses in the market, be it for their particular interests of market speculation, we can intuit that volatility also has a lot to do with it, It is what differentiates the BTC market from all other markets that have a much more stable behavior, for May of this year is when the highest volatility developed according to this article:


Source: https://www.forbes.com/sites/cbovaird/2021/06/02/bitcoin-price-volatility-reached-its-highest-in-a-year-during-may/?sh=2def9f8639e7 (https://www.forbes.com/sites/cbovaird/2021/06/02/bitcoin-price-volatility-reached-its-highest-in-a-year-during-may/?sh=2def9f8639e7)

Taking into account these data it is necessary to highlight that volatility makes many weak hands sell in a massive way, it is much more influential when there is FUD involved like Elon Musk's.

Bitcoin is a safe investment, good for trading in a fast or long time. bitcoin often drops to very low numbers, but bitcoin keeps going again in a short time.
still have to concentrate and focus on investing, learn to analyze so that our assets remain safe and stable, because crypto is full of consequences in every decision.