Bitcoin Forum

During the first week of June, we saw a slight rebound in bitcoin as well as the market. This morning, bitcoin unexpectedly dropped from 31k$ to 29k$. As of now, I have yet to find an answer regarding bitcoin's sudden drop in price.
I know we're in bear season and it's not over yet, but it seems too surprising and I suspect there is some FUD that caused bitcoin to go down.

Edit: I find out a few reasons, do not know if that is the cause that caused the market this morning to drop suddenly or not?
https://twitter.com/business/status/1533918177691836416?s=21&t=ZOEbyVIYLUh1heoSTfOWsA&fbclid=IwAR1POtofIa-KQBviD6yUBFjH2L38mmmLxuwddPo-cY21LM3Agqvtdt9b_qg
https://i.imgur.com/vL4tJJD.jpg

I've seen someone said just a few hours ago that it's about the CME gap. I'm not sure if that's the actual reason.

The news that you've shared, I don't think that it's about it. It's just another investigation news that we mostly see from different tokens and projects.

But whether we find out the reason or not, this is the typical bitcoin that we know. Sometimes surprises us upwards and sometimes downward.

This is my exact sentiment, the drop is not quite significant. Looking at the 24 hour chart in op, it looks like a sharp decline, but zooming out to about 30 days, you will notice that it's just another regular price movement in the wave of volatility.
https://i.imgur.com/pvo2Pmu.png
This is speculation board after all and I can understand why traders would want to explain all price movements as it helps to build analysis for future price predictions

Both Reddit and Twitter are speculating that it's indeed because of the CME gap, with some anticipating some bad announcement concerning New York's push to ban PoW mining. Idk, it's anyone's guess, really.

6-7% drop is not so much something we should freak out.. right?
Some have cashed in, some speculated the NY situation... I don't find the situation that bad...

Let's see what happens before the week-end comes. If the price continues the downtrend, then may become something to worry, but imho we're not there yet.

You already Have the answer mate and you mentioned this in your own post here , let me Quote it for your better understanding



That is the simple answer mate, we are still in Bear market so expect a Dumping and climbing from time and then but of course as the season called it? Bear means more Low trend than Up trend.

OP, you have a legendary member account.
Why do you react as a some kind of newbie, who freaks out every time the BTC price drops by 1%? Price volatility is a normal thing for Bitcoin, Why there are people, who still get surprised when the price moves up or down 5-10%? Are you a day trader or something? ;D
I expect the Bitcoin price to stay in the 20-30K USD range for more than a year. The only thing, that could possibly create a huge bull run towards new ATH is the end of the war in Ukraine, which isn't going to happen in 2022 for sure.
There's no point paying attention to the BTC price every day, if it goes up-the pump would most likely be very small and temporary, if it does down- just HODL and buy more BTC.

Realistically how much of an impact will NY's ban on PoW mining be? There will always
be those who will lose their life over such decisions, same with the CME gap which hasnt
been mentioned a lot since the halving IMO.



Day traders would only be too happy with these types of swings, there are definitely
Satoshi's to be made in movements like this and we have seen bigger moves than what
we say at the weekend.

I can explain this with ease. The reason for the dump is the pump just hours before.
Where does the pump come from? Traders buying to see if people will buy it as an opportunity to buy and jump in and then these traders sell hoping to scalp the top and gain 1% or so over the exchange fees. These are people who work on tight margins and you can see it's the same money being bought and sold by looking at the volume. There's almost no volume in these pumps. They're like buying 2k BTC in 6 hours and media outlets catch this and write these stupid articles with "bitcoin is pumping" headlines.
Here's one: https://decrypt.co/102104/bitcoin-ethereum-jump-crypto-market-rebounds

It's not even funny anymore. Somebody buys 0.001% of total supply, the market moves by a little, they write their tabloid pieces "bitcoin looks for higher highs as market recovers", 12 hours later bitcoin falls 5% their write about it "bitcoin loses another 5% as bear market continues". In reality over the course of 3 weeks there was no moves, bitcoin was at 30k and it still is at 3k and it doesn't matter if it's at 31 or 29k it's still the same range.

I don't think there is an answer to the sudden drop in bitcoin price because it is still a mystery, and we can only guess. But in my opinion, this is not surprising if we look at the cycle that bitcoin has gone through since a few years ago, and after getting a high price, bitcoin price will surely fall to a low point. Many people say that the current price or $28k is not the lowest price because the bitcoin price could drop even lower. All we can do is prepare for the worst while preparing our money to buy at the lowest price.

Just a 1-day bart.

Up (almost) 2k down 2k.

In the last week bitcoin has experienced a price stagnation phase and bitcoin is playing between the price of $31K-$32K which in my opinion is quite stable when the market is volatile, but today I was quite surprised when I saw the market, the bitcoin price was correcting again and fell to $29K or fell around 4.7% in 24 hours, even worse, altcoin prices which had strengthened a few days ago are now experiencing a significant decline on average, I think the current condition cannot be separated from the fear that is still felt by investors due to the current global economy uncertain.

If it's the case that NY ban ever comes through, the effect would probably be minuscule hashrate-wise, but it would be a PR nightmare. People would be expecting that other states would follow suite.

tldr; fundamentally not a big deal, but there would be a lot of FUD.

I do not think we need too much of an explanation about what it is happening, the market is weak and the demand is not high, so any single news that may come up which is not positive at all can be more than enough to push the price down, and sometimes not even that is necessary, as there could be whales trying to manipulate the price to go down and see if they can cause people to panic so they can buy our coins for an even cheaper price.

So all in all I would not think too much about the drop, since I think it is within what we can consider to be acceptable for bitcoin if we take into account the current circumstances.

I get that many people may think that we are in a bear market but I feel like we are in a stagnant market and I am tired of saying this. Bear market is when everything is down and goes down, we already lived through that already. We are in a market where everything is about the same and nothing changes. That's not a bad thing of course and we need to just learn how to live with it until we reach the bull period.

If the prices crash to 25k or lower then I would understand the frantic fear of crypto prices going down and the bear market being here, but we haven't been under 28k for a long time now, so we could just relax and look at the future.

Bitcoin is back to the same price range is was before the recent dump. I guess it was just a speculative move from big investors selling their coins. Fortunately support levels are strong at this moment and bitcoin has been pushed above again. Little events like this are helpful to raise confidence among investors, as they can see bitcoin is pretty strong and solid.
It's a signal investors are fearful bitcoin won't stay cheap for too long, so at the minor of the crashes they immediately set their entry point to not miss the opportunity. I see it favorably for bitcoin.

I would say yes, and this is also my suspect when I saw this thread in the alt coin boards. I mean crypto market is based on news, so obviously we are somewhat connected. And when I read that it was one of the biggest exchange and it has affected their native token already by like 7%, I said to myself that this news put a dent on the market again as investors started to sell off. Anyhow, we are back to $31k, so it's just a temporary effect. But it might bring BNB further down, in my opinion.

You just spoke too soon, the price has rebounded from that news, if that is really cause of the sudden flash crash. As for Binance, the investigations focus on how their platform are being used to launder money, be it criminals. So not sure if Binance knows that fact that the money came from those criminals or not. So the initial reports says they 'aided' them, but we will see since they are going to cooperate as per their official spokesman. We haven't heard anything from CZ yet, but for sure he will released his official statement about this issue.

On the contrary, traditional banks has been doing this for years,  Global banks defy U.S. crackdowns by serving oligarchs, criminals and terrorists (https://www.icij.org/investigations/fincen-files/global-banks-defy-u-s-crackdowns-by-serving-oligarchs-criminals-and-terrorists/).

Why would this be surprising? Bitcoin goes up and down by a few percent every time. Bear market or bull market or sideways market. This isn't really worth attention. Even a 10% price change isn't much noteworthy. A 20% change, that's when it might be worth checking the news to find out what happened and maybe adjust your strategy.

That's just how bitcoin works. Regardless if there are certain reasons or not, bitcoin will drop its price when the market is still bearish and increases somehow when the market is approaching its bullish season. However, i'm still expecting for bitcoin to literally drop its price because the market has not recover yet. And since bitcoin is still not showing its high momentum, then expect that altcoins too will be influenced by the current price of bitcoin.

It's exactly right, it's still a normal fluctuation after a short resistance that has been done and it's normal because of Bitcoin's volatile nature.
For now, IMO, I didn't expect that there's a bullish season, Bitcoin struggling too much, and possible the FUD was still there or might be because there are too many scam projects that have affected the Bitcoin price.

It's a regular price movement for me and nothing to be panicked about.  It will create another FUD if we think negatively about the price prediction.

Not much of a FUD, but definitely we will see numbers going down because we are simply in the bear market. What makes the drop though to something to think about because it's not about bitcoin but after factors that contribute to the dip again. Nevertheless, there's no need to panicked, I've seen the price going to $31,000. So most probably speculators are going to short it, maybe in the next 24 hours so we should be cautious as well.

Prices below $31k have been happening for more than 4 months, of course this is something we never expected, especially since last November's ATH price was around $69k, for daily trading of course this is a good opportunity to continue to profit, especially with small price fluctuations. ranging from 3 to 8 percent is very suitable for daily trading.

Exactly.

Any time bitcoin rises, there would be a lot of traders that will find a reason behind its rise. But just how it's quick when it rose, a decline has also came but not that too deep which just shows that it's a normal movement.

Yes, there's still the expectation that the market can potentially drop since we've just came from a very long bull run. But whatever is holding it, I'm liking this situation more than what we've got in 2018.

And if we will be listing each movement ?  then this section will be filled with same thread over and over again lol.

the price is bouncing 31k below and 31k above and this is not the first time that this happened so which is the next to come?

Just handle your funds, never sell at losses and never be greedy to seek for too much profit that is the lesson we should learn and made.

Then lets be enough for that reason mate and besides we cannot do anything about that and best to keep our way and not to be affected of those news and those movements .
Bitcoin will climb in time and will fall in time , never let your instinct dictate you to panic because this will send you nothing but losing .

The price of bitcoin has dropped several times under $ 30k, even the lowest position that has occurred is around $ 25k, many panicked and sold all bitcoin, but if we want a big profit target, the low price is a good opportunity to buy, immediately buy and I'm sure the price immediately returns to $ 40K.

The reason is very simple.
As people saw BTC price has moved up a little, so they instantly and desperately started selling their Bitcoins.
This is the main reason, I am guessing for which the Bitcoins price suddenly dropped.
Also don't forget that we are in bear market currently. So it will take some long time to get recovered.
Meanwhile it's an opportunity for all of us to buy Bitcoins at such a low price.
So whoever wants to dive in this eco system, this is the perfect time to do.
Hope everyone makes great profit in this tough time.

This drop is not shocking at all but I already expected that this will happen again because it is been happening a lot of times already. There is no real reason for this drop, aside from what I've said earlier. The drop is small and it's not bothering at all so people won't exert an effort to investigate.

It is not fud that caused bitcoin to go down because fuds are not effective anymore as before but if ever it happens, it won't take a long time for it to recover because people can realize it easily. The link that you shared is interesting, it was an old case that the sec is trying to revive. It seems they want binance and the bnb coin to go down, not bitcoin.

Let's talk a little bit about the fact that the bitcoin price hasn't dropped to $25K since November 2021 till now as the lowest point so far is $26.7K based on binance's trading history. Traders panic is unavoidable as they can't stop themselves from selling, but after a while they will realize that the bitcoin price is bouncing back to more $32K.

The price of bitcoin still has the potential to return to $40K or more in the future, but you can't convince people that it won't be for long. It will take some time to get back to $40K, but it's always possible if there's such a big hype for bitcoin.

Imagine that? But, it's nice that you keep on tracking it while me I forgot already if how long we have been in this dip. I guess that's because it was too long now. A dip in the price is expected but what is not expected is its duration. We never thought that it would run this long. I think this was the longest running dip in the history of cryptocurrency, right?

But, maybe this won't end yet very soon but there might be more dips to come later on so brace yourselves and be sure to prepare some funds now for buying purposes. When the price falls, there are losers too but those who trade and take profits out of small fluctuations have started investing low by the time btc fell a lot.

It looks like the bitcoin price will stay like this for a while and if the price drops any deeper, hopefully, traders or investors won't panic and will use the moment to buy more bitcoins.
The price of bitcoin is moving from $29k-$31k and it's happened a few times this month but there's still no sign of where it's going to go next.
If the price stays like this for the year, I guess it will be okay and hopefully, the price can start moving again next year.
We have entered the middle of the year and bitcoin is still stable in its current price range but hopefully, altcoins can move first while bitcoin is still looking for a position to rise again.

The price of bitcoin is around $ 30k for more than a month, of course this makes us confused whether the price will continue to fall or immediately rise, I wait the right time to buy, many predictions if the price will fall again, maybe this is a good price to start big invest and profit.

The information is not fully related to the current condition of the Bitcoin market price which is still in the declining category. It's just information about the investigation into Binance whether it violated securities rules.

There is no definite information about the cause of the decline in the price of Bitcoin. A lot of bad news is trying to play to bring down Bitcoin but you should know that Bitcoin can surprise many people at times.

Don't be fooled like someone who just knows and understands about Bitcoin.

Big blip on a small picture.    Best thing outside of trading is dont go below weekly bars when trying to draw a conclusion, the market gets pretty wiggly at times.     

Yesterday we had a blip down which was not surprising because overall markets were also quite negative.  It didnt stick, I think that might be some indication market is not as negative as it appears.   Certainly would be a nice surprise, other reasoning would be many moving averages (https://talkimg.com/images/2023/06/12/Asf5W.png) are aligned with highest recent prices so we have a ceiling of falling momentum.   If we were step above that decline it stands to reason the relief rally might be a decent one.  Its the trends not the singular sharp move so much I hope to spot out.

Consider looking at your graph with candlesticks for 30 seconds on a regular basis.   I started off on line charts, its much simpler which for a graph is good but its also containing less information.  Line shows closing price only, candles describe what occurred during that time frame.

And it seems we will have another blip, not surprised if we will go below $30,000 entering this weekends. This kind of down trend seems to be normal, at least though the support is still there and nowhere we are getting another lower lows for this month. Hopefully we would see another minor rally, a decent one might be far fetch for now as investors are also very impulsive specially the selling pressure is still very high.

For like 2 months now, bitcoin has been between $28000 and $32000, as it falls below $30000, it increase above $30000 again and again. It even falled again like five hours ago to $29502, and it increased to almost $31000, yesterday, this has been happening for long time now. Fundamentally, I do not see anything that is affecting bitcoin price than the bears and bulls that are just traders and making the price not to go below or above certain range.

I think it's more of the bulls trying to pull the market back. But then again, it's going to be an uphill climb moving forward as we are in a bearish market.

And so we might see this sideways pattern for a very long time. And if ever there will be a break out run, I don't think it's going to be huge, Maybe we will be happy to see the price hitting $35k at the end of the year.

I don't Know if there is such a Word like EXPECTED in crypto? I believe that this is a market of speculation in which nothing is certain and permanent ? all prices are subjective to change and this either to Go up or at least going down?

how can you say that it is Unexpected when the price just drop by 2k ? when we even fall from 68k to below 30k?

and the time frame is at least 12 hrs when in 2020 march , the price drops more than 7k in just 4 hrs time.

I’ve been watching Bitcoin fluctuate between 29K to 31K but I haven’t seen it hit anything higher in a while.

In my opinion, this is a good buying opportunity if you have extra fiat because I’ve seen this is pretty standard correction.

I’m waiting for BTC to 35k or possibly 40k before I feel things are more normal. I predict after that we’ll see start seeing bigger and bigger gains and huge adoption globally.

We’re heading into a recession but I think it’s very realistic to look at 65K coming around the corner as people look for a way to hedge against inflation.                                                                  

I think the current pattern of market movement with bitcoin volatility still looks stable even though there is a slight drop in price from $31k to $29k. Moreover, the current condition of the crypto market which is still under pressure due to various phenomena that occur, the crypto market has been in extreme fear for the past few months.

The main reason why it dropped that much is because people were afraid when it was going down and sold to make it go down even more. If people realized that it was a great thing and they could buy cheap, they wouldn't sell it to begin with and it wouldn't go down that much, hence it wouldn't reach there.

So, "some" people need to sell in order to make it go down that much, and that is why I believe that we should be doing fine for a while longer. I believe that people who end up selling to drop the price to this level are the people we should be thankful about, thanks to them the price dropped and we could buy from a very low level and get richer in the future.

To be honest, it's disappointing that Bitcoin has dropped back to $28k, whereas previously Bitcoin had managed to hit $31k. But there is no need
to worry about what is happening to Bitcoin right now, even though Bitcoin's price suddenly drops, it can be said that so far the movement of Bitcoin is
still quite stable. And I think now is the right time to buy Bitcoin, because with such a strong support price Bitcoin should be able to rise again
in the near future. What is certain is that we just focus on collecting as much Bitcoin as possible. So when Bitcoin finally pumped up and was even able
to rise above $35k, it will allow us to generate large profits from Bitcoin. We don't need to be afraid of the volatile Bitcoin price, as long as we don't
sell Bitcoin at a low price, everything will be fine. Because Bitcoin can always recover if it experiences a decline, therefore don't panic with the price
decline that occurs, we have to believe the future of Bitcoin is very bright.

^Definitely right and I agree with you.
This is just a normal fluctuation, if you will look at a graph in a month, it is just natural that BTC has fluctuated, of course, because BTC is highly volatile and that is a normal thing. I don't see any reason BTC's price will fall down beyond $25k but I have a strong feeling that BTC will back into $45k which is considered a normal price compared to the previous ATH.
The reason of this continue dropping of BTC price is just because there will be a FUD that is continuously affected by the market.

and today the price simply dropped to $28200 honestly we are living in dark days, with this fall it is weakening the support that is at $28000 and if it breaks this support then we will see a big bloodbath that will take us to $26000 to $24000 in a short time and the trend could take us to $20,000, I'm afraid that we will see $20,000 again because that would make me have little daily volume to trade but at the same time it would be a good opportunity to buy bitcoin


just join this:

1 - Russian-Ukraine war (sanctions)

2 - Luna (the great disaster)

so there are good reasons to make the price drop a lot

And both have nothing to do with Bitcoin imo...

Yes that's right what you said.
The current decline in the price of bitcoin has nothing to do with either side of the news.
If we talk about the Ukraine war, it's long gone and they have embraced bitcoin.

The war is not over and will probably go on for a long time. By the way, this reason is now very convenient to use, blaming all the economic troubles on it. Even if Ukraine has adopted bitcoin, it does not say anything at all, because now there is only negative news from everywhere, so no one talks about anything except the war.

Exactly. They aren't going to say they left the money printer on too long...

And what we have now is another lowering mate , and there are some speculations that price of  bitcoin will drop even to 20k , so if this is real then your post here is more higher than what is coming .
and suddenly if this happens , I am a total failure lol because i am planning to take out at least 1/3 of my funds when the price is still 38k lol.

This week, the bitcoin price dropped back to $27k and it looks like it will be there next week. But there is still hope to see bitcoin price increase again and I still have hope to see bitcoin price return to the $35k-$40k price range. But for now, it's better to enjoy the price movement and if you are hesitating to enter the market, I suggest not to try to enter the market because it might confuse you. It's better to wait a while to see where the price will go and maybe you can place a buy order in the $27k price range and wait for it to fill.

But I am not sudden in that drop mate , actually i am satisfied on what bitcoin performed recently , because I've waited for long from the end of November last year till now for the price of bitcoin to lowered down .
and now i am satisfied because i have purchased today at 27k ., and maybe will hold my coins till 2025 or at least late 2024?

If you are going to sell when it hits 38k you can consider yourself a failure because where we're going is at least 100k  8)

Same here I'm probably taking some profits at $200k for living and then waiting for $1M and higher even if that is 2030 or later...

You got some bitcoin at a very good level, even if the price is still going down at some point we will see a recovery and most likely it will bring the price above the level at which you bought.

That means that unlike all of those people that bought bitcoin near the all time high you will spend very little time experiencing losses and the losses will be on the small side, so you do not need to sell your coins so early as it should be way easier for you to hold your coins for a very long time, thanks to the fact you made such a timely buy.

It is likely we are closing down to the bottom...
The market can't able to hold weak people, they are now selling huge amounts making the market crash badly. Kinda be surprising as many accumulate in the market above $25k but for now, Bitcoin had fallen to $23k (at this post). I foresee that this might continue to drop more which could make worries and panic among the holders. As to see, this was not a small correction but big investors have already triggered panic selling.

Been going on about the 200 week so often, its now risen to such a point and price decline also to meet up at that point.    Its fair to say we are quite bearish when challenging this measure of momentum but it still remains the 200 week will be higher next week then now and so on, its an underlying positive just very long term and we dont have to rise any time soon.

https://talkimg.com/images/2023/06/12/AsYIm.png

Bitcoin at present have been moving down to $23k. This is predicted to go even lower to that, because the market is experiencing major blow out of the hike in the interest rate to keep the inflation in control. The monetary system have failed to achieve what they've done and so the same have happened with bitcoin. In particular today the panic have increased alot among the common people, because the drop is big moving from $28k to price down to $23k.

We can never predicted this free market accurately.

But hey yeah we have got the bigger picture on how the crash will come after us and it did happened now.
The bear market has been here for a couple months and we are indeed failed to break the 32k level for many attempts during these months.
Here we are continuing the drop more to crash deeper than below $20k ?

I'm sure if we ran a survey now, we'd have some pretty contrasting opinions. A lot of people feel like they missed out on the lower prices of Bitcoin, yet this is a pretty nice entry point in my opinion. Thus, the survey would likely show those panicking, and losing faith in Bitcoin, and those that are hunkering down, and buying Bitcoin at prices they deem good.

If you're in Bitcoin for the long run, then this might just be the encouragement you need to acquire some more. I'm personally enjoying the; what I would speculate a temporary blip, to basically earn what I would be earning anyway, but simply getting more Bitcoin for my buck.

But, no. Knowing how volatile Bitcoin is, even a 20% drop wouldn't exactly kick the ol' anxiety into overdrive. Just part of using Bitcoin in its current state.

Hahaha, Actually failure just for this season  ;D

because what made me fail in thought? is the Idea that if I sold at 38k then I can buy a double now that the price is near falling half of 38k .

but its Ok since My wife has Her Business profit for the whole year and willing to lend me for a chance to by again now instead of selling .

Even now the bitcoin price is around $22k, if there are many who say they want to buy when the price is below $25k then now is the best time, although many are pessimistic and continue to spread FUDs but today I have bought around $850 when the price was $23,200, if Selling now is definitely a loss, but I'm optimistic for a long-term hold.

That is the beautiful part about bitcoin dropping. It is doing horrible today and that is a very very sad thing for people who have coins, I have coins too, and it is very much of a problem. However, the good thing is, we could earn some right now, not spend it all, and put some aside, or buy some right now and wait. That means, in a few years we will see another crash and that crash will be to a price that is higher from here.

So, it will be like go from 150k to 65k and we will say that it is more than 50% drop and everyone will talk about that crash but in reality, it will be 2x of what it is today. Hence, in short term it is terrible but in long term it is great to buy now.

Do you think the speculation of cryptocurrency in Twitter and reddit is cogent, Yes their is atoms of Truth coming from their speculation but i don't duely concur in such speculation, i still making the same emphasis on bitcoin continuation dropping in values, i will say that the one major factors that is contributing immensely for Bitcoin decrement is because of the war between this two existing countries we do know officially, so with such war it's quite understood that bitcoin they bring down the level of investor's into bitcoin market. And the originator of it's falling is determine by the demand and supply of the marke. I think it's obvious.

Speculations are not reliable, IMO. Many people do but they all went wrong, that was the reality. This will tell us no matter what we do, we have the chart and price history, and even having all the basis for such prediction, we are still wrong. Things can't be changed and Bitcoin remains unpredictable base on its feature.

Speculations have been made to gain interest and manage to attract investors, and these social media platforms have been doing, can't hide the fact that some of them are being paid.

Everything in crypto is based on speculation, and as much as we see a lot of social media that devote their time on crypto like Reddit and Twitter, still it's not going to be 100% truth.

And the OP should change the title of the thread, we have dropped massively, not to $31k to to $21k in the last 48 hours. It shake the market again and we might be seen going back as low as <$20k which is going to be very scary to think.

First, no matter the downtrend we see in the market you're not a failure if you sell your BTC because of an important situation because at some point something is more important than what you wanted and you have taken the better option by asking your wife for help instead of selling now because this is the season of accumulation.
Having said that, you guys shouldn't be blind by the $100K price predicted by some naive enthusiast which some article writer claimed to be an expert when they are not because the $100K price will only happen in the next Bitcoin halving.

Yes, that's very right! I didn't expect that we will go down to this level. But hey, this is a very unpredictable market. In no time, we may be seeing it rising again. If you want to take advantage of what's happening right now, make smart choices, weigh your options and assess possible repercussions. It is on your own hands how you will get good profits from this situation.

I think one of the factors behind bitcoin's decline after briefly rebounding above $31k was that investors were still worried about macroeconomic uncertainty. This has led to a sell-off that has continued for the last four months or so.

Worrying too much is really not good in the investment world and this type of investor is very easy to panic when something unexpected happens.
Bitcoin is going through a massive drop in price and is now at $18.6K. This means that in this week, Bitcoin has decreased in price by up to 35%.

Investors who think far away or who make long-term investments will think that there will be good expectations one day so that the level of concern will not appear excessively when market conditions are like today.
In my opinion, the various speculations regarding the decline in the price of Bitcoin are not accurate. Do you still remember how the market price conditions in 2018 were?

Without a doubt this is one of the most important reasons for the current drop, people are nervous about what it is to come and they are trying to avoid assets they think are too volatile, and if to this we add that people were already nervous due to how low the price was compared to the all time high then this explains what we are seeing.

However I am not worried, even if at the start of the covid pandemic bitcoin crashed we also saw the beginning of the next bull run, so even if the economic conditions are not optimal bitcoin will still survive and even thrive under these difficult circumstances.

The crash definitely caused a lot of people fear, and a ton of them left because of this. But, I do not understand what people gain from selling at this low stage, I mean the better version would have been waiting for it to recover a bit more or selling a lot earlier. I would get it if you sell at 50k+ when we started to drop from the peak of 68k. Like we start from 68k and drop to 50k and that would be a time to sell.

Or I would understand everyone who are still holding and hoping to sell when the price goes up, that would be the best thing to do, but that doesn't change the fact that there is nothing wrong with it, and this is why I believe that we should not be doing much more than just these two.

maybe one of the reasons is, like what you said from the many predictions that occurred so that bitcoin corrected for quite a long time. but it could also be that this is a game from whales or big institutions that really hope prices go down and they will buy.
The selling action comes from those who are worried, and only have small capital and hope from the investments that are currently held, but for those who have large funds they wait patiently and hold on for a long time.

A few days ago there was a storm that made the price of Bitcoin Dip and once touched $ 17K, although we could return to $ 21K, but today we deserve to be vigilant because the storm waves are not over, if the price of dropping below $ 20k then I will switch to stable coins to avoid greater losses.

Exactly, it's not over yet, looks like bitcoin is going down $20k below again. It's not surprising though because we are still in the bear market, so the bear dominance is quite very obvious now, we have to make the right decision now and trust its success in the future.

If you are a day trader, well, be careful because we might lose more if we think it will bounce back anytime soon, I think we have not seen the lowest this year yet.

Will bitcoin hit $10k this year?

You do the right TA when you are a day trader, if you want long term investment, not much effort needed, unless you panic on the current market situation, so if you are not, just relax and HODL.

Unlikely bro but not impossible.

If we follow the advice from the posts here then we can avoid large losses, the price of bitcoin drops from $ 32k to $ 17k or around 45% in a short time, this makes us have to always be vigilant and see prices so that we can make decisions for sell or hold.

I think that no one here can accurately predict the price of bitcoin, so far there are many factors that influence the price decline that occurred and you cannot use the predictions in this thread as a reference in investing or trading, it is not wrong to use or consider people predictions others, but you should be able to have more confidence in the analysis you make yourself in every investment or trade you make.

This happens for a single reason which is fear, when people let their emotions take control of their actions they will do things that are not logical at all.

As you state there are only two logical decisions, one is to sell as soon as we think there was a reversal on the trend, the other option is to hold our coins no matter what, however waiting until we are close to the bottom to sell your coins is not a good idea at all, but it is a very common mistake which is taken by those which are not prepared to face the adversity we are going through.

That is why it is very important for us to be able to control our emotions when investing in crypto, so that we do not make wrong decisions.
But the fact is that many people can't control their emotions, so it's not surprising that the Bitcoin price dump is deep enough, many people
are scared and end up selling their Bitcoins at low prices. This not only makes the price of Bitcoin fall even lower, however, it reduces
the interest of new investors to invest in Bitcoin. There are still many people who actually don't understand how the crypto world works,
if investors already understand how the crypto world works, they should not panic when the price of Bitcoin drops drastically. So not only
do we need to control our emotions, but we also have to make sure we have a good knowledge of the crypto world, before deciding to invest
in crypto.

I think the cause of the crypto market crash and the bitcoin price dropping from the $31k to $21k price level was the massive sell-off by investors amid rising inflation concerns. In addition, many investors also continue to stay away from crypto assets so that all crypto assets experience a very severe decline in price.

I don’t think this is the proper reason for which the price has fallen so down.
I mean at first the war impacted a lot in the price, and then the price started falling.
When the price fell down, many of the newbie traders started to panic and sold the coins in such a petty price for which the price again fell very low and hence resulting in a bear market.
I might be wrong with the reason, but that’s what i guess is the primary reason.
Let’s see what other members have opinions on this.

There is no single reason, it could be the combination on things on global level like the war you mentioned. And it's not just bitcoin market, but all financial market as well, they are all down this year.

Newbies are going to panic sell or panic buy, (doesn't want to missed the FOMO), it's understandable at first. but they should learn their lessons and then become experience traders. And hopefully, their bear market will be a wake up call for them, just continue to accumulate bitcoin and not be bothered by the negativity around.

Yesterday there was another correction until the price of Bitcoin returned to $ 20K but today it rose again to around $ 21K, this proves that Bitcoin has power so that whatever happens I am optimistic that long -term hold is the best option for profit.

This whole set of prices, the June peak to June low is how I currently consider the 'mountain' BTC must climb.    Like the recent highs were 50% of recovering that fast fall we had and I think its fair to consider our general condition by how well we fair vs that area.     
  Usually a fast fall is not the difficult climb it might appear, if we cannot recover the peaks of June prices then we shouldn't really be kidding ourselves we are positive or doing well.  Even while we left 17k behind Im not convinced till its a regular positive,  just take the moving averages as guide if need be as it shows inertia.   
  No clear trend is my conclusion for the moment, not negative exactly but best not to presume positive is what we keep as BTC tends to take profits, sell off in regular cycles also.

There are different phases when bitcoin prices usually pump and dump. Currently, we are in the bear market phase (this phase has been started since late 2021) and we should not be interested by the small pumps. Eventually, the market will dump. I am still waiting for 10K bitcoin price in this bear market which should be the final bottom for the market.

When I read a comment that Bitcoin will drop under $ 30k at that time I'm not sure, this is what makes me not sell Bitcoin when the price is $ 35k, even I keep buying, after it is proven even the price of dropping below $ 20k makes me realistic that when when when Already profit then immediately sell and divert to stable coins is the best solution.

$30k is quite reachable so I will not be surprise if I see this scenario to happen especially there are fuds spreading about SOL which can make people feel to get afraid for possible scenarios to happen, but as other issues came for sure this will not totally affect the market since for sure people will just forget about those negative news used by manipulators and then bitcoin will recover after those small falls.

In fairness, $30K level had been long-term support for around 18 months. So it seemed pretty clear that if this level was lost, price would likely dramatically collapse from there like it did. Not that this level had to break, but that if it did, price wouldn't slowly and gradually decline, but do so more aggressively like it did. It's easy to blame a war that had already started 3 months prior to this, or any other factors that attribute a "cause" to an "effect", but otherwise, $30K was a level required to hold as support and once it failed then we saw the inevitable: a massive sell-off from 18 months worth of buyers that were now all in the red.

Some people believe that this is a normal cycle in the bitcoin price. The price could drop lower just to get a new position before finally hitting ATH again. There is no provision for bitcoin to continue rising without a major correction, and so far there are many reasons why bitcoin fell to as high as $17K recently.

I still think a downturn could still occur before the year closes, so always weigh your risk if you are looking to invest and the best advice in this situation is to invest for an amount you can afford to lose.

I think we're going back to 20k before we really attempt higher.  Just feels like a stall situation to me and Murphy's law say if we can then we will because fear will is enough to make people sell then we touch support and reset once again, perhaps we come back stronger etc.   Standard cycle and test of boundaries to the price.

The hidden positive is the 50 day average has flattened and now turned up slightly, if we do drop but meet and find that as 'support' then we have only near term weakness with the medium term momentum favoring higher prices.    Till it happens its hard to say, I just see stall for now.

Glad to see someone else paying attention to current price movements. Have you noticed how in 2015 and 2019 the 50 Day MA acted as resistance a few times before price was able to break it, and when it did, then it turned it into support? 2019 is a better example (https://ip.bitcointalk.org/?u=https%3A%2F%2Fs3.tradingview.com%2Fsnapshots%2Fm%2FmQeKX0ca.png&t=640&c=7cCQYzFlvIoVHw) based on the rounding bottom, obviously in 2015 price fell back below this MA and price continued sideways, so there's still this possibility.

But most notably after the current low, price has broken through this MA very quickly (https://ip.bitcointalk.org/?u=https%3A%2F%2Fs3.tradingview.com%2Fsnapshots%2Fh%2FHUUfUQCr.png&t=640&c=AAFQR1Dw1CAZGg) and only after a second re-test. Falling back below it and failing to find support from it would be bearish, but so far I see price as stronger than it was at the lows in 2015 and 2019. Again this remains to be proven or seen whether this is the bottom, but resistance at higher price-time levels is much weaker this time around it seems.

I think it's more of a mental support to all of us, and that is around like 50% of the current all time high. So if that support is broken, the price will eventually have to break apart and that's what we have witnessed and factor in the war in February. Sure fire formula for holders to sell, pulling the price to lows of $17,500. And we are still in the cycle that it's going hard to reach that $30k again. There are a lot of barriers that we need to overcome first.

The solution is indeed like that, which is to sell when you have made a profit because you can still buy back when the price of Bitcoin decreases again in the market, but if the price of Bitcoin continues to increase after you sell it, then there is no need to regret it as long as you can be patient in waiting Bitcoin price is dropping again. So the bottom line is that always taking advantage of any size is a very good solution.

We don't need to be greedy after we sell and get enough profit we know there will be a right moment when buying again and the decline will definitely happen again but we must know when it happens and have analyzed it, and indeed never regret when selling and then suddenly bitcoin continues to rise, if we force to buy when it goes up and we expect it to rise higher then it will be a trap for us so it's better to wait less with the right moment as I said.
Apply solutions that have been used well, never be influenced by uncertain market conditions or other things that make you FOMO.

It just depends on what the initial goal is. If he is buying for a short term trade, then the solution is correct. But if he is buying bitcoin for a long term investment, then he should hold it and may have to buy when the price drops deeper. This is the best solution for someone who wants to profit from bitcoin in the long term, but maybe not like a short term trader who will take advantage of small fluctuations to make a profit.

But good bitcoin trading is, don't sell at a loss because bitcoin can still go higher at any time when demand is high. I have no doubts about bitcoin's future potential even though ATH is currently down 67%. Stay optimistic that ATH will be hit again in the future.

Right. Supposedly when the crypto market plummeted and the price of bitcoin experienced a significant price decline, long-term and short-term investors should respond to current conditions with calm and prudence, not a time to panic. Moreover, historically, bitcoin price movements in the long term tend to rise. Therefore, don't worry when the price drops.

dont worry when the price drops ?, i really don't agree, then how about those who have bought at prices above $50k?
shouldn't be worry? It's natural to feel worried, because the Bitcoin price could dump even deeper than this,
it's better to cut and lose if the market sentiment is bad, and don't hold it for long

The crypto market movement is still weak where the bitcoin price has dropped too much from the ATH level. In the current market situation, as long-term investors, we can only wait and hope the bitcoin price will recover and will grow again.

It is not wrong if an investor expects this to happen. But apart from waiting and working on it. I think it would be better if you want to make other efforts such as buying more Bitcoins at this time and also doing other things that can help you in life so as not to immediately release the Bitcoins you currently have at low prices like now when you need more money for your life.

predictions from bullish experts will occur from 2023 to 2024, because before the halving bitcoin has a 4-year cycle,
yes indeed we have to be patient if we want to have more profit, for now my advice is only to accumulate at the bottom price.

now $31k is there;ah very strong resistance for bitcoin, because indeed if $31k breaks then we will see bullishness again,
but for now I think bitcoin will be at $20k level so better wait for those who haven't bought Bitcoin.
don't be in a hurry because the price of bitcoin is also still very sensitive to the news