Bitcoin Forum

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.

Bitcoin price falled because the price can not keep increasing, the price will increase and fall, that is normal as people are buying and selling it. That is called volatility.  The fall is just correction, people that have not bought bitcoin would be able to buy and know that they have not missed. This is just the right time to buy more bitcoin because the price will still increase and reach all-time-high. Recently, the price is not even falling below $30000 yet but if even falled below, all-time-high is still certain.

Holders are dumping.

Influencers are spreading the word that we are now in recession which  stock market is crashing and so people dumped to hold stablecoin to prevent from losing money. If this is what you are going to be hearing from the rich Bitcoin youtubers like Kevin O'Leary or Raoul Pal and Gareth Soloway, you may really be afraid of whats coming if you bought BTC at $45,000 while they are projecting the price to go below $30K.

keep calm and hold or if you can't hold, just stay in usdt, Fud, and holders selling due to Fud always leads to dump, there are some crypto analysts who predicted that there will be a dump this month so lots of people will panic sell its not a new thing, bitcoin had survived lots of fuds and the most important thing you need to know is that are you in for the long or short term, if long term you don't need to bother about price

We are currently in a bear market trend aside from that the economic issue of Bitcoin mining may have an effect and adds impact on the current downward Bitcoin price trend.  I also think that news of the recent speech of Warren Buffet at the annual Berkshire Hathaway shareholders meeting[1] somehow discourages possible new Bitcoin investors. Also Wikipedia's recent action of disabling their Crypto donation options and recent statement[2] may possibly affect the Bitcoin Market.  This is one of the few fundamental reasons why the BTC price is falling, IMHO.

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[1] https://www.cnbc.com/2022/05/02/warren-buffett-wouldnt-spend-25-on-all-of-the-bitcoin-in-the-world.html
[2] https://fortune.com/2022/05/02/wikipedia-wikimedia-foundation-no-crypto-donations-environment-climate-bitcoin-ethereum/

Think of it as a normal market rotation. "Everything that has been up, should go down". That's what you're going to hear from the investors that have been in the market for a long time.
You don't see bitcoin going up forever and if there's no correction, there's something wrong. Just as said, no actual reason for that but if you really are looking for a reason, read some news and there could be any of them that has contributed to the plummet.

Bitcoin in general is in bear market, and right now there's more negative news than the positive - economic uncertainty in the world, anti-PoW sentiment in high circles, no ETF, lack of significant progress in adoption. For now the price decline is well within the norm, there's no reasons to get worried. You could start worrying if Bitcoin would drop below $30k, which was a major support level.

No one knows on whats actually happening behind on why we are experiencing these declines
but you could possibly choose on this one.

1. Selling time
2. New/Fundamentals
3. Instutional/Whale pulling their funds
4. No actual reason

So if you are just new into this market then you should really be prepared to bare out yourself
into these probabilities.

It will remain unpredictable, no one can give an exact answer to this question, even themselves calling experts in predicting the price but that's impossible.

But we have here a guess, a theoretical explanation of why Bitcoin falling down and as a basic answer, it's because of the demand and supply which have an impact on the price.  When the demand increase it's obvious the price of Bitcoin increase.  Using technical analysis also could broadcast the possible price of Bitcoin and other cryptos.

I suggest to you don't look up the market in a short term, just invest in the purpose of long-term holding.  It makes you paranoid thinking about them so much, forgot that you've to hold Bitcoin and comeback when there's an ATH you've heard, that's might a good solution.

I cannot see any fundamental reason as why the bitcoin price is falling and not increased for many months. I can say that probably the demand of bitcoin has decreased over some time and there has been stop in tether printing which has caused this price dump.
I can see inflation all over the world and soon people will look for safe heaven investments and bitcoin will be the best place where they can keep their money safe.

Is it obvious that we are facing the bear market already?

This is the only reason I find why the market slowly falling and it did happen in the past already so there's nothing new here. If one single News that would change the market again it should be a whale buying bulk of BTC then we can see a pump again although I'm hoping it would but it seems the price is slowly taken over by the bear market.

Overall BTC hasnt been falling just wavering within a range.  It could fall as some speculate it might, the current negatives are quite obvious in the news and it shifts the balance to Dollar strength and alot of pressure on other prices compared to 'normal'
  Overall BTC went sideways, its even gained this year during a war which means it cant really be thought of as negative to any excess:
https://talkimg.com/images/2023/06/12/AsBa2.png
This is the span of this year, examine the lowest prices more closely then the tops.   The reason to consider markets this way might be similar to the caution your have pouring a glass of coke or pop, fizzy action is less reflective of the long term underlying balance of value.
   Consider the lows as the best guide to estimate long term, BTC hasnt been particularly negative within this year but it might in future be challenged increasingly.

Of course what odolvlobo said is true. But in technical analysis terms, what we're probably seeing now is a coincidence of two factors:

1) Price is caught inside a sideways channel which points (for Bitcoin's standards) very slightly upwards. Its low were the ~$33000 in January, then there was another low in late February (but the February low was already higher than the January one). The price moved first in a slightly steeper channel but then broke downwards into the current one, and is now searching for the next low.

https://i.imgur.com/Fpp6mkP.png

2) The MA600 (not included in the pic) was broken downwards, while the price failed to gain momentum to break through the EMA30/50 upwards (blue line in the image). This is also currently not pointing to a short term trend reversal. However, it is also still not indicating real "panic" as we're still in the upwards channel.

IMO, if the price now in the next days manages to hold the current low of 37400 and break 39000 again (where approx. the EMA30 is located), then there are good chances to stay inside the slightly bullish channel.

In my opinion, technical analysis of this kind matters somewhat, because it is the method used in many trading programs, bots, and of stop-loss order sellers. But the other reasons you mentioned (recession fear, influencers etc.) also matter of course.

Of course "we're currently in a bear market" if we compare the price to the last ATH. But it still is possible that it's only a relative short-term down move with the low in January. Only if the 32951$ would be broken downwards the bear market would be confirmed.

Basically there are several factors that cause the price of bitcoin to fall. Firstly the price of bitcoin depends on the balance of supply and demand. In addition, fear and greed and psychological factors of investors also often affect the price of bitcoin to fall very deeply.

I agree with you that the price of bitcoin depends on demand and supply because whenever there is high in demand in the market, the price will be high for buyers to purchase at the moment. But whenever there is high in supply in the market, the price will be low for buyers to purchase and hold for future. Those two factors make the price of bitcoin to fall in the market which many people are aware of these two factors not to be panic at the moment when the price of bitcoin is decreasing in the market than to believe that the price of bitcoin will not remain low forever in the market.

With new bitcoins entering the market daily via mining rewards, there's a lot of downward pressure on the market.  As the price of Bitcoin goes higher, this leads to even more downward pressure on the market as the number of bitcoins being produced is the same, but their value is more as prices rise.  When billionaires start scooping up tons of BTC it leads to volatility as a result.  They often buy up all the BTC on the market sending prices higher, but then there isn't the constant buying support to keep prices elevated.  Until supply and demand find a sweet spot where they find a balance (impossible with block reward halvings) we're going to see a lot of ups and downs.  Options trading should level it out a bit, and I think that's why we saw a price range between $30K-$69K instead of a massive bubble to $300K. 

Nothing can tell it accurately. None, Nada. All you can do is try to look at it's environment. World economy, number of exchange and volumes, adoptions, and a lot more. In short, it's a lot of work just to connect the dots and you might not even get the right answers even if you done it all.
Just look at the exchange on how it keeps on moving every day in high amounts, that tells exactly that Bitcoin has a volatile market and those are like human perspectives on where it will go. The good thing about it is you are sure no individual is in control.

I don't know if you're new to bitcoin but it's not the first time (and it won't be the last) that the bitcoin price drops,its a simple bear and bull market cycles and it happens all the time.

And so we are in the bear market, yes, this cycle is not very welcome but we should take advantage of it, no matter what. Crypto market is really base on news and most of the time is has this so called correlation with stock market. So if stock is doing good, then maybe we will see crypto market doing good as well and vice versa. And then we have the world news specially the war that is affecting us negatively, but the good news is that the price recovered and almost touching $40k again.

First, it is very good news if you want to be a large holder of bitcoin. As the bitcoin price falls, the savings you make are larger, so you now have more purchasing power. So if you invest now, you'll be a large holder of bitcoin by the time the price rises again. If you wait for later, you'll miss out on gains. (Sounds obvious but it's not, there is still lot of people waiting for the price to rise and never start investing when it drops).

The Bitcoin halving has passed in 2020, and the bullish season after that in 2021 has also ended,
so this year is a bearish season, this is common in the cryptocurrency cycle,
if you want to buy bitcoin or altcoins I think this is the best opportunity to increase profit in the next 2 years,
because the next Halving is the Halving that makes Bitcoin to $100k.

Note never expect Bitcoin steady price increase as that is not possible, there must be some level of corrections in preparation for the next price benchmarks.

Also the price can fall when there is a major negative news in the industry e.g the last china crypto currency ban that made most mining activities to decrease there by lead g to market crash.

Bitcoin can fall for many reasons.
And because bitcoin has now become a new trend among many people, the downfall of bitcoin could be due to world economic problems.
But no one knows exactly why bitcoin fell and we can only guess because bitcoin doesn't necessarily fall because of one thing but it could be because of something else.
So it's better to think about finding a way to buy at a low price instead of thinking about why bitcoin could fall.

Nobody knows exactly and we don't have a clue yet.
All we can say is just the least possible reason as this also been the reason for its fall before,

-low market demand
-the bullish season has been done already ( as expected)

Just think about the volatility of the market, dump and pumps are certainly the things to witness all the time. And to see the market moves down is not a usual thing in crypto. Well, in fact, we've been thankful for the situation as it gives us the chance to buy at cheap prices.

Now the market is bearish,it’s best time to inverse of your money.In a short period of time bitcoin will back to the 40k landmark.So surely the price of bitcoin will increase and give you something more for the investment.The reason for the less value of bitcoin is surely due to the economic crisis all over the world.People spending huge money for the food and basic needs for them.

^ This is very hard to tell and nobody can predict this.
Anytime could be a bullish trend and it is expected that the price will create another hype and also have a new record of All-time high or ATH.
I don't see the market that bullish trend has been done, it seems to just a normal move that BTC will fluctuate, and possibly there is a correction.
Another reason could be, that there is a lot of BTC conversation to fiat, remember that still the war between Ukraine and Russia is still there, many people using BTC to donate to Ukraine and for sure they already used that fund and convert it into fiat. Possible that is why BTC suffering the price increase.

Bitcoin and the virtual currency market in general have recently experienced strong price fluctuations.  One of the reasons why the cryptocurrency market has fluctuated recently is because investors are worried that the US Federal Reserve (FED) will continue to pursue a plan to tighten monetary policy.  The virtual currency market is also being negatively affected by the tension between the EU and Russia and the unpredictable developments of the COVID-19 pandemic.

The price of bitcoin is unpredictable and it is decentralized that is why it doesnt have a fix value no one can control its price but we are free to speculate or predict it in our own little way, I prefer doing my own research than listening to the people if you look at the price every minute you will lose hope but if you buy and forget it you will be surprised. Don't be affected when price fall that is normal that's what makes the crypto more exciting than any other investment.

may I ask what is the reason of this question? at least if you are looking for chance to buy and hold or at least to trade?

Because if you are just asking this for curiosity  then this will be a thread to spam because there are tons of speculative answers that you'll receive here .

Pandemic unpredictable developments seems like not to be part of the decline because we have already Moved on about Covid matter months ago and what is continuing to happen is not enough to make a significant effect in the market now.

What we must look at is the on going war in Russia and Ukraine in which US is seemingly near to partake and that is what matters in this market and out.

It is indeed that Bear seems to be Normal but there are of course reason behind every fall and that is what we must understand .

Bitcoin and others are decentralization, the price is determined supply and demand, in recent days there has been a decline in demand and more is selling so that there is a correction, a good thing is that bitcoin still looks strong and proven today rose more than 3% and almost reached $ 40k.

The history of Bitcoin itself. After touching ATH bitcoin will drop drastically. It is proven and we can see together.
If we look closely, Bitcoin will rise after the halving and create a new ATH, after that it will drop drastically and will rise again if the BTC halving occurs in the future. The BTC halving will occur every 4 years.

What can we expect with the price of bitcoin, wanting to overturn fake reasons to explain the price drop is almost a kind of psychological compulsion, I personally find bitcoin volatile - it  are market-specific and represent free values.  Thus, bullish/bearish price behavior is not essential to why it will, a period of growth, consolidation, development - that's how bitcoin builds its strong and durable structure.

Looks like somebody is trying to manipulate leverage traders. After that small pump yesterday people started feeling bullish and somebody with a lot of money decided to take advantage of that. You can see that a lot of coins were dumped all at once on centralized exchanges. Nobody does that unless they want to start a liquidation cascade.
Whenever you see large amount of coins sold within 1 minute, you can be sure it's being done on purpose to shake people out.

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.

They know that every bull market there is a long winter market after which it needs another halving before the prices goes up again. It becomes logical for traders already to wait for another halving before it goes up again. The market has already been more than $30,000 for a longtime while those who are holding stablecoin for a long time are waiting for bottom dip.

If they couldn't see the price go down, fuds will arise coming from FED, SEC or war which there is an impending global recession making holders sell.

It's clearly due to the fact US Federal Reserve has increased interest rates on the country in 0,5% yesterday. It's nothing new, though, because it was expected since the beginning of this year or last bimester of 2021, can't remember exactly. The main reason why crypto market has been stagnant it's because Fed was constantly promising to raise the rates and they finally did it yesterday. Probably the money will flow from crypto market to US traditional markets now. That is bad news for bitcoin on short term, but nothing can stop it on long run, because inflation, devaluation of dollar currency and loss of purchasing power will disperse investors from US markets sooner or later back to cryptocurrency.

He already states his reason and that is he is not an expert but when it comes to prediction I think no one is right or wrong so you don't need to become an expert just to predict the price of the coins and even the so called experts or self proclaimed experts, they themselves do also fails or gives unrealistic prediction about the price of btc.

Other than not being an expert I think he also wants to invest in cryptos but first, he wants to know the opinion of others about the price before he decides to buy. No one gets curious for no important reason and if they aren't interested to btc then they will not bother asking these kinds of questions.

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

It is impossible to expect bitcoin to continue to rise, and vice versa. Bitcoin fluctuates all the time and we don't really know the exact reason why it is going down and why it is going up.

Sometimes it's the little things that trigger the rise, and vice versa. This is what makes me think that bitcoin is a unique investment asset compared to other real investment assets like gold and stocks. Today we are in a down phase, but maybe tomorrow we will be in the opposite phase. But whatever you have seen today and before about the bitcoin price, then rest assured this is just a dynamic that will benefit traders and investors in the market.

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.

Even though it didn't move too far, in recent days bitcoin's decline was felt.
I don't know what else is happening behind the current decline in the price of bitcoin, even though last week the price of bitcoin has started to improve.

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.                                                            

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?

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.

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.
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.

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.

Crypto 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.

The supply ate getting limited but since there’s no huge demand currently in the market, tendency our the price will be more cheaper and that is what happening with Bitcoin right now aside from the market condition as well. Bitcoin price hits the support level, and keep watching because it might continue to fall and most probably hit another bottom before rising again. This is a good opportunity to buy, don’t miss it.

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.

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.

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.

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.

It is reasonable approach if you think of it like that. Crypto is a global thing and just because FED increased rates it shouldn't be impacted right? Well the difference is that even people who do not live in the USA and will not benefit from the rate increase ended up selling because they were afraid it would go down, since they were afraid it would go down and get out, it automatically went down.

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.

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.

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.

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.

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.

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.

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.

Although bearish market is inevitable and common because thats how it works, sometimes we want a certain reason for the downtrend. Most likely investors are selling their coins and might be converting it to stable coin to prevent further losses. The current price is over $33k, a value that probably some investors are afraid of to go down further. Whales might be manipulating the market to take advantage if the price is good enough to buy back. Its just an speculation but what im certain is, this is just temporary hence there's no need to stress yourself by monitoring the market often to see if there's a changes because it cant help.

that should be the last pump before the Dump and that is what mostly happened even in the past, when there are some whales trying to Pull up the price so there will be newbie and weak that will count this as hyping then it will be dumped so there are other victims .

sadly there are some of my friends that bought in that level and now losing shortly.

it is not correcting but this is the dumping season in which must had happened in the beginning of the year.

Like Pandemic and the War happening now? year there are world issues that affects market and specially crypto prices in which we are experiencing now and even in 2020.

if they are going to continue raising rates then this will be the market fulling down and may effect the whole market till now.

but Maybe there is still Hope for all of us , we only need to trust the system lol.

It is not always the case that Bitcoin relies on crypto news. It is often seen that there is no news but it is decreasing. It is often affected by hype. There are many channels in the crypto world where fake news and events occur everyday. So it would be better to research and have to adopt with the current market.

Bitcoin is the main trend setter which whenever its price do decline then all of coins in the market would do the same even though there are some who do go into the opposite way
but still in overall market trend will really be still on bearish mode.Speaking about precise reasons on why this market had plummet down then no one could really tell on whats behind.
Whether it is about the war,inflation and other fuds in the market which we couldnt really tell at all. Instead on making yourself freaking out on this dips then
its more better if you do consider on buying back on cheaper coins we do have in the market.

 Bear market cycle, 4 year cycle will repeat.

 Current world economic situation: The protracted war between Russia and Ukraine has disrupted supply and demand around the world. High inflation the Fed raised interest rates caused the dollar to rise, causing gold and bitcoin and other assets to plummet. Bitcoin is considered an anti-inflation solution, but currently investors' confidence in it is still not high so bitcoin is still not considered a safe-haven option.

Let’s keep it very much simple mate.
Bitcoin is a digital asset. If you don’t think so then for a certain time consider it as an asset.
Now there are already a fixed amount of Bitcoins developed or made and no more can be made.
So when the demand is more and the supply is fixed or you can say less, then the price of a that specific product increases. Same happens with Bitcoins also.
When the demand is more, supply less then price of the coin rises.
In the other hand, when the demand is less and people start’s selling Bitcoins, then the price gets down.
Hope I made you understand a little bit about the price fluctuations OP.

News has nothing to do with Bitcoin price nowadays mate , we have often see Bad news but the prices are still intact , while there are Good news happens but the price stays dumping, so it is not the news that matters here but of course the real movement of the market.

as far as I know that the rise and fall of a cryptoqurrency including bitcoin is caused by the pattern of supply and demand in the market. market sentiment and negative news can also affect it, correct me if the perception is wrong. apart from that, I think this could be an opportunity for you to buy more BTC when the price is correcting down.

That is the basic tenant economics of every commodity and asset known to man, supply and demand.

The question is what affected the demand? is there some news around? the answer is yes, with the war still happening in the Europe then it will have a impact on the price. Couple that with what is going on with Terra LUNA, this could also impact the price short term.

Bitcoin's price is falling because there is more supply than demand. That's all.
There are more sellers than buyers that is why Bitcoin's price is falling.

Now the reason why it is falling? Its because of the current events that is happening globally that causes the sentiments of the investors to go negative. Ukraine-Russia war, inflation in US, Interest rates, recession. These are just some of the reasons and there is a chance that this will go for a long time. As a newbie, just be patient and if you have cash try to accumulate because profits are being made in a bear market or corrections like this. Just don't make bad decisions :).

I do agree that the price is impacted by the world situations, but pandemic is not as "dangerous" as it used to be, sure there are still people dying every day but the numbers are not what it used to be and it's not like we are talking about vaccines and masks anymore, not as much as we used to at least.

War happened like 3 months ago and still going on but it hasn't really impacted the price all that much and I do not know what to say but market just didn't care, even went up a little bit because of it. So all in all those world stuff doesn't really mean anything today if you ask me. It's just that FED is withdrawing money from all around the world, that's it.

When there is a FUDS there will be a big storm in the market, I'm sure the Pope spreads FUDS in various ways to be able to buy cheaply.  The best thing we do is to buy when the price of dropping like today, I am optimistic that in another month the price will skyrocket or at least reach $ 50k.

I think the factor that has kept the price of bitcoin down in the last few days is because bitcoin continues to be weighed down by macro pressures and more and more market sentiment is negative. In addition, the large increase in interest rates carried out by the FED also caused the price of bitcoin to plummet.

The price of bitcoins falls because no interested buyer and that is why the market continue to go down beyond our expectations, the problem is that every one will explain because of what it understand, the down fall of bitcoin I'm assuming that people is not interested of buying bitcoin and no investors who is ready to pump it to come up like before

The decline in the bitcoin price is indeed a natural thing in the market, but the current decline is quite bad in the last two years, apart from the many factors that made the bitcoin price fall further, the FED decision to raise interest rates gave fear to investors and I think it's not just bitcoin or crypto that has had a bad dream, but many stock players are also now experiencing substantial losses due to the FED's decision.

Two years? We were at ATH only 5-6 months ago, you realize that right? At the end of October we were close to 68k dollars, it has been 6 or 7 months since late October, which means that we just dropped for that period of time. FED deal happened like maybe 10 days ago or so, let's say 2 weeks just to make sure, how do you think that the drop has been bad for the past 2 years? I do not get it.

When do you think we hit that 68k price? Maybe you wanted to say 2 weeks? Because that could be true, we were around 48k about a month ago or so if I am not wrong, we reached there for a while recently, and then we dropped as low as 25k since that time, so it could be the last 2 weeks instead of years and you just made a typo.

BTC is just following a historical pattern. We have seen that after a bull run, the BTC market stays in bearish mode till the next halving, and that is what is happening here. This is the time for the whale to accumulate more BTC from the market so that they can keep most of the BTC out of circulation that was released by miners. This is the obvious nature of the BTC market, and it's almost predictable now.

it is definitely not a question of why the market is falling in the first place, we are already aware that this situation may come at any time, most especially after Bullrun. We are already done with the bullish view of the market and now it was the time to face the other side of the market (dark side). Some may be worried about their losses but some are just happy that they have the chance to invest in the potential coins that are at a cheap price.

I think the red market since the beginning of the year is due to inflation in many high countries, when inflation occurs, many people need cash so that alternatives that can be done are selling cryptocurrencies assets, maybe we will enter trends like 2018 so whatever happens, of course we are ready .

I think most retail investors are not happy because most of them don't have enough funds right now. The only people who take advantage of the bear market are the whales. Most retail investors had already invested their funds after the first or second dump of the market. If BTC price goes around 20k then most people already run out of funds or it will be their last entry.

Many experts believe that the current correction is temporary, but if it has happened more than 7 months then I think we will enter bearish for a long time, I believe the market will be difficult to pass ATH this year and this is what makes me prefer daily trade rather than hold for the long term.

Nobody could actually tell you the reasons. Why can't you make a prediction or give any reason yourself? Predictions and analyses are not exclusive for experts. Look at how these so called experts ended up with many of their predictions? The price falls even if they are bullish. Making predictions are simply making guesses, maybe informed guesses because they make use of different charting strategies, but guesses just the same. Bitcoin's price is falling because many are selling. That's clear at least.

Not only experts believe that Bitcoin is experiencing a temporary decline in price, but people who are experienced in the crypto world will think
the same. Because if we study the movement of Bitcoin, every time the price falls, it will always recover, that's because of the high demand
for Bitcoin. Therefore we do not need to worry about the current bearish trend, I prefer long-term holding for Bitcoin if it is in a bearish situation
like now. However, if we plan to buy altcoins, it is better for daily trade. Because the movement of altcoins is more difficult to predict, so it is more
risky to hold for the long term.

Regarding the reasons for Bitcoin to fall, this is a natural thing to happen, and there are several reasons that make Bitcoin fall. What makes the most
sense is because the previous year the price of Bitcoin had gone up very high, so when entering 2022 there was a decline in price, that's because
many investors are taking profit. But I believe the price of Bitcoin will definitely recover, can even rise even higher than the previous price.
Because the Bitcoin price fell is not the first time it happened, Bitcoin has fallen many times, even in 2018 the Bitcoin price fell even deeper.
But no matter how deep the price of Bitcoin falls, it can always recover.

Unfortunately people do not understand the "it will always recover" part that you talked about. Yes you understand it, and yes I understand it as well, but there are so many people out there who do not understand what it means and they keep on failing a lot as well. I personally like the fact that bitcoin is a great thing to make money from, and when it is low that means I could invest and make a great return.

But, there are some people who have been here not long enough to know this, and they see something that crashed from 68k to 26k at the bottom, meaning that it crashed like 60% or so, and that is a horrible feeling and they get out fearing they will lose even further.

Everyone has the choice to make long term investment decisions or take small profits every day. If you like short things and have plenty of time to do them. then it is very best for you. All someone's plans will be good according to them.

It is our money so we will decide which strategy to conduct , though  in the past ? i use these both m I sometimes go for short term and mostly Long term but those brings me profit in same areas.
and nowadays ? i managed to stay in one line and that is Holding , and this is safer mate ? and also much reasonable to do than daily basis .

Dollar is rising, simple answer to the question might be the best you will get.   Its never exactly that simple but BTC tends to rise on cycles up and down and it lost quite alot of momentum when price made a new high but could not follow through on that.   Thats helped aided the trend to sell, tends to be the case with speculative price action it will reverse back out but overall BTC has a longer trend and its still positive.   
  Dollar value is still falling overall again long term so I dont see its all much of a threat, waves break and they recede thats a timeless action you can say will always happen.

There is a lot of information scattered about the cause of the decline in the price of Bitcoin but in my opinion that is not necessarily true. There are those who argue geopolitical effects and so on.
Continue to monitor market prices, who knows there will be a positive surprise. One important thing in dealing with various market situations is patience because Bitcoin is a good asset in investing.

Bitcoin price keeps falling because we are in the bear market time, no other reason. The bear market will be over and the price will start increasing again, but that may not be possible for now and we may experience more bear before the end of this year.

Long term investment will be better because taking profit everyday makes it trading, and day trading to be more precise, which is riskier than better to invest.

One of the factors behind the recent decline in bitcoin prices is the Fed's policy of massive interest rate hikes and inflation so that bitcoin prices fell in line with the stock market slump amid concerns about the Fed's aggressive tightening path.

If you look at the phenomenon in the last few months, the factor in the decline in the price of bitcoin and other cryptocurrencies is due to the tightening of monetary policy carried out by the Fed in an effort to fight uncontrolled inflation, thus making some investors stay away from crypto assets in the global market.

Im not really into fundamentals but the probabilities or chance of being affected is really likely to happen but since we know that Bitcoin isnt really that correlating outside events into its price then i cant blame out why
people wont really be caring at all on whats happening in the market. Its price could move out on a random or unpredictable manner which is something in default.
Expect the unexpected as always because the price could move into a random manner which any analysis out there whether fundamentals or technicals would be fucked up.

The fall in price can be connected with the following

• Record high inflation.
• Increased interest rate.
• Traditional market failure.
• Oil crisis out of war.
• Food shortage around the world.
• Next wave of covid-19.

the most plausible reason is because it is time for the crypto market to enter a bearish phase. as we know if the crypto market will not survive if the price only continues to rise, in other words up and down or bulls and bears are part of the crypto market cycle. in 2021 the crypto market entered a bullish phase and caused bitcoin and most altcoin prices to hit new ATH, not quite there because in 2021 bitcoin and most altcoins hit ATH twice a year. With this incident, it is appropriate that in 2022 the crypto market enters a bearish phase. when will it recover? No one knows.

There will always be a cycle in the crypto market, so it's true that now is the time for the market to enter a bearish trend. Because throughout 2021
there has been a bullish trend, because it is impossible for investors to continue to buy Bitcoin without selling it to take profit. Even I am planning
to hold Bitcoin for the long term, but sometimes I sell some of the Bitcoin I have to take profit. So it's only natural that many investors are taking
profit entering 2022, but this is only a temporary decline. And I believe that with Bitcoin's increasing popularity, the bear market will not last long.

Moreover, the current Bitcoin price is quite low to buy, so based on the results of the research and analysis I did, possibly near the end of the year
Bitcoin price is starting to look recovering. So there is no need to panic to see Bitcoin price movements which have fallen quite deeply this year,
because of how deep the price of Bitcoin is, it will definitely go up again someday. Even Bitcoin can always go higher every time it experiences
a very deep decline.

Complete and detailed reasons why the price is still lowering and added here is the Panicking of those investors that are not ready to keep holding instead they sell out of losses and that makes the market completely dumping in this kind of season.
maybe we should realized that in time like this , all we can contribute is the Holding of our funds and never let go to make whales the winner, remember that the more we panic is the more manipulator are enjoying .

But it's not the only factor though, sure it has an effect that there are many things to consider. As for the 2018 downfall, there is no pandemic or even the tightening of monetary policy. It's that the market is really on the bear cycle. So now here we go again, facing a huge declined since the last all time high. So it's due to happen and it's unavoidable.

And then we have the war as well, so it's really like everything to conspire and bring the market to it's knees. Nevertheless, just another big test for us and for sure in the next 2 years, we might see some recovery.

Consider that price isnt the most important thing, its the ongoing usage that is superior.  Imagine price falling is a necessary lubricant to keep interest and volume high enough for the network to continue and this is a higher purpose then the price on any particular day this year.  If we have to fall the whole of 2022 then so be it, celebrate that BTC continues on and is very likely to be able to regain any price lost this year so what is the real harm especially so long as the greater purpose is served.
  People tend to feel BTC is weaker at the lower price, it can be that it stays stronger for that fall and flexibility; its the market purpose which is surpassing price and individual desire for gains.

That was basically just FED saying "we printed way too much to keep you surviving during pandemic, now bring it back" and nothing more. It is a good move, high interest means that you get to remove a ton of money from the circulation, and that makes the leftovers a lot more valuable since it is rarer.

However, it is not enough, they needed to increase it a bit more, it worked for them, but not enough at all, they still need to make it better just a bit more. This will cause recession, it is calling out already, people will not be able to earn much, and rich will not invest to make money anymore just use interest, hence poor will not have any money to earn.

That's your choice, no one can forbid what you want. If you have a lot of money to invest long and short term then do it. I like people who have a supply of funds that they can make two choices because it is different from some people who are not as lucky as you. There are some people who expect small but big bats to them.

I have to say that its not going to be easy for us to get back to regular prices because its not hyped up right now. We need to find a reason to be hyped before we get to decide anything first. It could be some nation doing some major investment again, it could be some companies, at some point everything becomes a good news for us, during the bull run if there is even a bird chirping sounds similar to bitcoin that becomes a reason to buy some more, but we need the public to be hyped about it no matter what, that would be a lot better.

Because you aren't buying  ;D

;D

Actually, people are pathetic. They say it's high right now don't buy it but when it's already decreased by more than 50% they still got the lines but they wouldn't buy because it will nosedive at its finest. When will others get learn in this market?

Exactly, this isn't the time to optimize your buys.
Once this sucker goes 100k+ you want to be onboard and that extra 10-20% will be irrelevant.

Most of these suckers will wake up one day after Bitcoin shoots up 20k and they will be waiting for it to come down again which it won't.

Bitcoin has fallen, according to Technical Analysis, indeed the price has reached new ATH and it must undergo a correction,
otherwise there will be a bubble like 2017-2018, where experts say BItcoin is a bubble, but now Bitcoin is only experiencing a correction,
I'm sure because 2017- 2018 is very different from 2022

This is indeed the cycle. Bitcoin has never been a bubble.

Yeah, it is the technology that people should be going at for btc because this was being introduced to us by the founder and by that, we should not care if the price is falling or is rising because a btc will always be btc. This is what makes btc superior and that superiority won't be tarnished anymore no matter what happens with the market.

Those who have interest when the price falls are mainly the investors or the people that don't use their btc as a currency but as an asset to possibly make a profit while a fall in the price can also lead for someone to lose interest in bitcoin especially now that we are seem to be stuck on this situation.

Some people are buying, theres always at a few buying.   Most people buy to use it rather speculate is my idea of what drives markets but if we remain in the shadow of  prior over speculation then you got an imbalance and so bias negatively.   Problem is there is too many willing sellers, at some price they dont want to sell at all and mining is restricted so in theory the market is not so loose as the older days of constant supply available

This bear market will surely wipeout these paper hands and it will be just quick I guess. I think we're nearing on that capitulation level and this will be epic for them that they'll just wonder and asked "why?". Still having the thoughts that it will shoot up one day to $100k and that's I firmly believe. DCA'ing to my buy zones as always and saving my sats.

Panic sells and huge manipulation by Whales are the main reasons for the price to be at bottom now. New traders and those who have bought Bitcoin much costlier, tend to sell now for either a small profit or to get out before they loose much. Whales do play a main role now in current long correction. There might be other reason but yes before the value goes up, better to buy more coins if possible.

This is applicable for all FIAT, cryptocurrencies, gold...etc but the biggest impact was on cryptocurrencies unfortunately. Although the market value of Bitcoin decreased a lot but the inflation rate on USA and other countries was big also which should impact FIAT, what I find weird is the illogical ratio between BTC/$. Besides, there isn't a stability between each step! It is like a free fall, without any kind of resistance and everyday? That big? Nothing could explain that except a pure manipulation from a consortium of big whales imo.

Whales game is part of the market manipulation. Beyond that there'll be other factors that make the market experience the decline. In my understanding Whales try to shatter and profit, next thing the cryptocurrency market have been into coexistence with the traditional market. This makes the real world impact over the cryptomarket, because in the past the cryptocurrency market looks independent as there is no external impact.

You are new here.
Hold tight we are nearly through this storm.

In my opinion the bottom is in. You will see a slow climb in the next months and then make new ATH in about 200 days.

This is my expectation but it's Bitcoin so be prepared to wait 4 years for good profits...

Bitcoin is down indeed because it's time for bears to take over the market,
this has been around since Bitcoin and crypto exchanges appeared, even in the stock market too,
Bears and Bulls will always be there, so don't worry about Bitcoin going down,
the important thing is that the bulls will also come after the bears.

Trading activity will allow the price to occur in both directions regardless of whether it is slowly rising or falling. The market fluctuations have made the price fluctuate in a short period of time, so if they believe in a good potential in the future then I think they should stay on their target.

Ups and downs are always possible, but about ATH in the next 200 days it's uncertain. So if they want to invest then they should do it after considering the risks and doing it for how much money they can afford to lose.

I definitely believe in this potential, so we have to be patient now.

There are many reasons that make bitcoin prices fall, but based on expert analysis that the biggest factor is inflation in the USA and Europe which makes investors need cash to pay debts or cover needs, but the good news is that if inflation ends then the market will rise again, so with this condition as it is now then buying more is a good thing.

In my opinion, the cause of the recent decline in bitcoin prices is due to the liquidation of cryptocurrency by many people and at the same time causing negative sentiment in the market. In addition, the sharp tightening of monetary policy carried out by the FED has weighed on the crypto market so that its effect on large institutional investors is doing a massive sell-off.

if you ask me to suggest why bitcoin prices falling continuously, I only suggest that it is as a result of the Russian crisis with Ukraine and again the buyers who enter the market of cryptocurrency is no longer coming in and marks unlike before so with that fat I will say is what is causing cryptocurrency to fall

That's the reality, looking the 24hr volume we'll understand. Even when the price bumps a little, there isn't any big change in the 24hr volume. It keeps dropping with time. This shows the buying keeps dropping. On the other side the selling have increased. For now the better choice is to stay positive and hold what is available. This makes the price above $21k and drops down. This is just common move of the network.

Falling and rising is normal, the concept of decentralization must be falling and rising, this provides benefits, when rising then you should sell and vice versa when falling then buying is a good thing, there may be no low or expensive price limit, but if we are accustomed to trading then will have conclusions the current price is cheap or there are still opportunities to fall.

But, before the war happened we are already on this situation where prices have been dumping. The war didn't bring negative effect but it actually help the price to recover a little since both countries learn to adopt bitcoin and other cryptos after that. Don't say that there are no buyers because if that was true then the price would have became stagnant or will only fall more.

If we compare the buyers and hodler before from now, we can see the big difference that their numbers have increased dramatically. The price falls because we are in the bear cycle. This is normal. After some time, the bull will take its place so we better fill our bags now.

The decentralization system is unique, no one can ascertain whether the price will go up or down, of course this is a choice that is not easy, if we have a target for profit then I suggest to buy now and hold at least a year, the condition of the world's economic that is currently inflation makes Investors have increased expenditure so that crypto becomes an asset that is immediately sold.

But I was told that people who are called whales control the market. Though I am not really sure but to some extent I believed the notion because those whales can buy enough and stored it in their custody which will make the market bull base on the scarcity of bitcoin online space at that time. And also the reverse is the case as well. Because if the whales released the BTC in their custody to the market then it becomes bear market. So, if it is true then their is a controllers in the market.

Right now Im positive on BTC challenging higher prices.   Just we need to keep 23k which already was challenged yesterday and earlier today.   We rose with higher volume from that point and now we're going sideways a bit.

The problem with my optimism is like when the storm has stopped but your driveway is full of snow and the road also is feet deep in snow, in fact the whole town.   We are not going anywhere till we clear the prior selling, its heavy stuff and it'll take a while.
  I do think its 2022 the rest of this year at least to find our way back to a positive track, it would be nice if we continue higher here right now not break this trend of several weeks.

Right. It is very important to be able to manage emotions so as not to panic when the price of bitcoin is down, especially lately the crypto market is still sluggish due to the weakening world stock index and the increase in interest rates by the FED. Moreover, the current decline in bitcoin prices is due to widespread stock selling in the US market last week, causing the crypto market to go crazy and panic selling to occur.

Don't know for sure Bitcoin will go down or up this year, for sure some Bitcoin prediction experts say so, Bitcoin will decline, for sure you can monitor Bitcoin developments every day, who knows the predictions of experts can come true.

In theory and speculation, it is very likely that bitcoin could decline, there is no definite reason, just an estimate.

i agree with you so many factors that make bitcoin go down. But this is an opportunity for us to continue buying bitcoin in the hope of 1 year or 2 more years being a big profit. We just have to be smart to look for loopholes to make a profit.

It's smart to take steps and analyze them well, that's what you have to do when trading,
especially in a bear market like today the price will be difficult to predict,
it's because of increased volatility and makes Pump and Dump happen.

hold for 1 or 2 years? my advice is don't hold it too long, yes I understand that you are very believer in bitcoin, b
ecause Bitcoin is a new technology, and is known as Blockchain, so get rid of the thought that technology is the future and the price of bitcoin will also go up,
don't think about it!, think in the short term, because the risk received will be much less

Its totally opposite if you do take the path on making decisions on short term basis since you would really be actively dealing with price volatility and this is the main reason on why some people do much

prefer on holding for long term just to make themselves able to avoid on higher risk on dealing with short time trade decisions or with their investment.Speaking with bitcoin price falling then it would really   

be just normal that a market could really be having this kind of behavior since there are buyers on low price then it would be common sense that there would be sellers on higher price
and this is where we do really get or make profits which is really just a typical stuff.

For people who have studied Bitcoin properly, definitely don't panic to see the Bitcoin price fall, what they have in mind is the falling Bitcoin price as
an opportunity to buy Bitcoin at a cheap price. That's why when Bitcoin fell to the price of $17k, for people who believe in Bitcoin already bought
Bitcoin at that time, and now with Bitcoin at $23k they can take profit. But my advice is indeed holding Bitcoin in the long term can generate very
large profits, so instead of taking profit now, better continue collecting more Bitcoins. It will pay off when Bitcoin reaches new ATH in the future,
therefore learn Bitcoin properly, then we will not hesitate to hold Bitcoin in the long term.

I do believe that we are going to end up with something that is a bit more sensitive going forward. If we end up with panic or scare or even too much happy excitement, we could end up losing money and that's not something you may want. I would suggest that the best thing to do right now is be like a robot, do not have any feelings, hold it as long as possible.

If you end up having emotions during a volatile period when it is not known if we are going to skyrocket parabolic or not, then you are going to end up regretting it for the rest of your life. I say just forget about it, remove all thoughts of bitcoin from your brain after you buy it, and only come back if you see it going crazy on tv.

Okay. Thank you very much for the responds and contributions. But what I was told was the whales are the causes of the bullish and bearish market of  bitcoin. Is it true, if it is true, how? Because based on the orientation I was told that bitcoin is a decentralized digital currency which nobody controls it but the new orientation is contradicting the old one.

If that is what he want, what can you do? 1 to 2 years is not too long if you are a long term investor but the real long for them are 5 or more years. Bitcoin is not new and blockchain is different. Blockchain is only just a technology that bitcoin is using. They say that bitcoin is the future and as well as the blockchain. That might be true because the world is turning into digital and there are still many unexplored areas in the blockchain which could greatly improve the lives of the people. To the question on why btc price is falling.

Well, there is that bear cycle and also there is that global crisis and inflation which had a negative impact on the crypto market.

Agree, It would be good after buying Bitcoin and excluded all the related things from the head. Because you have purchased Bitcoin, if the price has dropped you are worried. There may be a major disaster again where you may be physically ill. You should only remember the key or pass phrase or keep it in the right place and forget everything. There will be a time when you know that you are a milliner then you will come back again.

the weekly candle close is still waiting for a few more hours,
if the bitcoin price can be above $22k again then it is the right time to buy Bitcoin under $30k,
because according to TA bitcoin can reach $30k.

Indeed the price of bitcoin has fallen deeply due to the war situation between Russia and Ukraine and the close correlation with technology stocks, soaring inflation, and interest rate hikes by the Fed. As a result it has reached extreme fear in the market and more and more negative sentiments have kept the crypto market in a bearish trend.

This drop in the price of bitcoin is neither strange nor surprising. Because if we look at price patterns from the last 1 decade, the bitcoin adoption process has indeed experienced a bull & bear phase. Down 93%, then up 55K%, down 85%, up again 11K%, and so on.
I strongly believe Bitcoin reaches new ATH in the future, holding Bitcoin long term can yield huge profits.

You made me laugh pal, I think you are over-ambitious about Bitcoin by calling huge highs it will attain assuredly without looking at more obstacles to its rising. Inflation is still an issue for Bitcoin, not to mention global economic issues. Even if it breaks your $22,000 level, what about the high of August at $25,208.78? You totally ignore that, meaning you don't even analyse the market at all.

Can you see that this speculation of yours has failed? See, trading is not about just calling values, it is about good analyses that will help you determine what the market might really do. You should know that a lot of forces are calling for the selling of Bitcoin, how could a mere $21,000 resist that in August after a bullish correction?

I am with you on this, and it shows that you know the economics around Bitcoin unlike many in the forum.