Bitcoin Forum

Bitcoin's recent price decline can be attributed to a combination of economic uncertainty, regulatory concerns, and market sentiment. Factors such as inflation fears, cautious remarks from Federal Reserve officials, and regulatory uncertainties have led to a sell-off in Bitcoin and other cryptocurrencies. Market sentiment and investor behavior also play a significant role in driving price fluctuations. Despite short-term volatility, long-term fundamentals, including adoption and institutional interest, remain bullish for Bitcoin and the broader cryptocurrency market.
Do you think these are the reasons?

There isn’t always a special reason why the Bitcoin goes up or down, if it’s only a small change (relative to Bitcoin). It’s just that more people are selling or shorting than buying or longing. When the price changes dramatically it can be because of significant FUD or bullish news. A 0.1% to 10% change in price over a short term period is just regular market behaviour, it is nothing to analyse.

The volatility of bitcoin is something that appears familiar to us, and sometimes there is no specific reason behind the price increase or decrease at a low margin.

Like today you see the price drop at around $3000 but ignore it for a while and you will see future ATHs or continued decline in the short term. So there is no need to pay attention to the daily price, instead hold on to your assets if you have invested in it. But these days I don't pay too much attention to the news because everyone probably knows what's being spread every day. Anyway, for me this period is still a great opportunity to build a strategy accumulation with bitcoin.

NO

etfs outflows are the reason, no need to be a genius to understand that

p.s:  maybe stop using chatgpt for your posts

Market needs to have movements, upward and downward. It needs to have volatility to give people chances to enter and exit the market with profit and loss. Sorry to say this but everyone want to get profit but you can not get profit if other don't lose money. So if you are not wisely in your action, you will lose money and others will get profit.

Guessing or finding reasons why the market is up or down, is very difficult and impossible to find correct answers.

Fud are used to legalize the market movement and this means if we try to find reasons for movement, we will find answers that are possibly not actual reasons of the movements.

A lot of factors effect bitcoin and make it to go down and other coins too, it because of the current news or panic, the must important thing is to take precautions and do the right thing to achieve what you want, doing is to listen and follow the current threads about bitcoin

My reason is that after 7 months of continuous increases, bitcoin's correction is necessary and is a healthy correction but nothing serious has happened yet. For me, macro news like inflation, war, interest rates... will have an impact on bitcoin but things don't always work out that way. Sometimes news is just used as an excuse to legitimize price action and manipulation by market makers, rather than having any real impact.
So don't be too engrossed and follow the news every time the market fluctuates, sometimes it's just a trap set by market makers to make us panic and sell cheap bitcoin to them.

It's like asking the question, why is the sky blue? It's part of life and a part of the cycle. It can be down ±5, and it's something normal. This is just the behavior of the market and the investors are maybe taking profits or something.

It's best to look at the long-term view because you will see how much it has grown ever since BTC was created.

Are you concerned with your investment?

Don't give much pressure to yourself but instead focus to current activities what you do since its not really necessary to speculate something like that since you will just give something stress for yourself especially if you are worried about certain condition.

Just think about its normal happening on bitcoin since it will be so crazy if we always think about bitcoin will always go up since its provably a scam. Bitcoin price correction always happen and you can't always connect the current dump on those negative things you think since the current movement is normal to happen on bitcoin also with other cryptocurrency.

Better not to get afraid with that but rather focus to accumulate since this will give you more better profit since we know bitcoin has high potential to pump after those negative incidents happen to it.

Simply viewing the price chart of Bitcoin show how bearish it is. Bitcoin price is very volatile probably because traders keep on trading with this price level that’s why it keeps up and down for consecutive days.

All that you mention is a possible reason but price movement on downward direction is imminent since Bitcoin price is already on the correction phase after reaching the ATH. Bitcoin price always experience so many dip in the past and there’s no need to find out what’s the reason because it’s simply means many is selling compared to buying.

The market can be down due to various reasons but if there is any specific reason then in that case a big crash is seen in the market. But the market is still in a good enough position.  A major crash is yet to be seen here so I consider such market movements to be normal so far. Bitcoin or other crypto coins are not stable and their price is not bound to go up, so there is no need to panic. Bitcoin is a powerful crypto coin and I see no reason to fear it

This is 100% AI-generated text, anyone can verify it with any of these tools:
https://gptzero.me/
https://www.zerogpt.com/

And if you think $60k is a low price, then let me tell you it can drop huge, the last time it hit the ATH went up to $64k and then it went down all the way for the next two years until it hit the lowest value of $14k, so, $60k isn't low, it still pretty high, i wouldn't even recommend buying now because the crash is inevitable.

If you watch BTC under a microscope your gonna drive yourself batshit crazy

There are many reasons which affect the price of the coin. The major reason for which Bitcoins price goes down is due to the rapid sell of the coins rather than buying it. This decreases the demand to accumulate the coins and due to the limited supply of the coins, if the demand is not so high, then the price always falls. The reverse also happens when more buy orders are made by the traders therefore indicating the demand is high and price of Bitcoins then increases.

All the above mentioned are the basic actors that determines bitcoin price at whatever time and because of the volitilities in the bitcoin ecosystem it becomes of high price influence to the price of bitcoin at anytime when one or all those factors are at play.


So regardless of whatever that happen in the market leading long term holders won't Border much about the price when they are too focused on the bull market when their bitcoin holding will have high profits instead of short term speculation.

Well said I think no one can explain the reason why bitcoin price is down, rather they can only tell you that the reason why bitcoin price is down maybe is due to the bullish News unlike as you said earlier. I think that's the right answer to that question because I see no other reason why bitcoin price keep showing decline for some couple of weeks now, and we shouldn't be worried about bitcoin price going down because that's how the market is most times.

I also agree with this explanation , there is nothing to analyze with what is happening in the market . I see what is happening in the market as completely normal and nothing to worry about . Instead, many people even expected bitcoin to drop to $50k or deeper to $40k because they thought it would be another good opportunity for them to accumulate the most bitcoin before the bull season come .

As a true investor, we should be happy to see the price of bitcoin fall because this is clearly an opportunity to buy , not a time to panic . And in case we cannot buy it , there is nothing to worry about, we need to understand that it is the movement of bitcoin , bitcoin decreases and will soon increase afterward .

Volatility is the nature of cryptocurrencies. The fall in the price of Bitcoin is not new this move is highly expected. It is predicted that the price will drop before the main bull run will start in earnest. Only traders are concerned about the short-term decline in price, hodlers don't care about this trend. Most times the reason for this volatility is economic or financial policies or sentiment in the US. If there are predictions of increased interest rates, unfavorable regulatory policies, or inflation in the US, the Bitcoin market usually responds negatively to it. And the reason is that there is usually an increase in selloffs due to FUD.

Although it is risky, people can still buy at this price because Bitcoin will still reach a new ATH after the halving. It is expected that a few months after the halving the price will still appreciate. Any risk taker can still buy and keep till the end of the year or early next year.

comparing now to 7 months ago we are setting in the 'halving'

from <$30k to settling to $60k
https://talkimg.com/images/2024/05/11/1wO7D.png

the rise to $75k was a temporary event of that. which had to settle down. and now we will be on the journey to the 2025 new ATH of this cycle
once the <$30k x2 settles in(<$60k).. we will then see the new paradigm move into the 2025 ATH target

in short, calm down. but realise these settling down dips. are normal, and part of the market cycle of known events like the halving causing a 2x of last year. and also the halving+year year's ATH event yet to happen

to take the opportunity of dips below $70k's last ATH in 2021 and assess the market, where we are going to see* a new ATH in 2025 much higher than prices now
(*well thats the pattern, and yes now people know the pattern people can play against the pattern)

When it went down a few weeks ago, lots of people pointed towards a specific global event that said to have impacted bitcoin negatively but bitcoin is volatile in nature and we could never pinpoint a specific reason why. However it has been shown in past years that the price of bitcoin really do fluctuate especially right after halving. I am going to do a wild guess and say that it is because many are taking profits but other people follow it thinking it’s the end of bitcoin or something already.

Bitcoin's been falling lately. Anyone would be anxious about the economy and government rules. Let me assure you that this is simply a tiny setback on the path to success. The Bitcoin large picture is great, and I've always been a big-picture type. Look, the Fed and rules will always want to disrupt everything. But Bitcoin? A revolution, not simply an investment. They can't stop giving power back to the people. Don't worry about daily fluctuations - they're noise. Consider the long term. Bitcoin consistently wins. Avoid worry by learning about the amazing technology underlying it.

No matter how much you analyze whether the bitcoin price will go down or up, the price of bitcoin always goes up and down like an electrocardiography wave. OP I don't know exactly how you monitor the bitcoin market but I have been seeing bitcoin prices hovering between $60k and $65k for a long time. Since the current price of Bitcoin is in a position, I think that the price of Bitcoin is moving in a certain circle because the buying rate and the selling rate of Bitcoin are at the same level now.

The change in the bitcoin price does not have a single reason all the time but there are different reasons due to which the price of Bitcoin changes. Sometimes news has greater impacts on the changing price of Bitcoin but the most common cause is the buying and selling which can increase or decrease the price of Bitcoin very easily.

Currently we are not seeing any reason behind the dumping price of Bitcoin but this decrease is due to the common changes that happens all the type as a result of volatility. Halving will accurate the market condition but some time is required do don't rush towards good condition but accept the dump if you want pump.

Don't make inappropriate entry because losses can possibly be triggered. Cryptocurrency have taught us lesson and we should always know how to mapped out good entries if we want to extend our existence in the market. Bitcoin can not be manipulated since its not owned by an individual and top firms have zero controls but they can effects on the project. Bitcoin have experienced a backrest and its been really one of the top trends in the market.

The current price sentiment is just normal for Bitcoin because if we can put our sights on the past history, like in the bull run. So we can clearly see that Similar movements are often found in bull runs. Moreover, due to volatility, correction is necessary and when there is a bull market, price correction must occur because it is normal to have a healthy correction for a price surge. 
 
So to be honest for me similar corrections are a common thing in the bull market because I have experienced that in order to bring better movement to a market, more people should be given last buying opportunities in the bull market. So currently the same matter is happening with Bitcoin. But anyway now Bitcoin price has stopped itself at its support level and hopefully the price will be able to surge further.

There's probably nothing significant that's causing the price of the bitcoin market to go down, @DeathAngel is right, this price drop that you're talking about is probably just a reaction of the market towards what's normally happening to it, more people are probably selling than usual so the price will definitely drop if there's more people that's selling their stash, law of supply and demand. Just don't worry too much about it, remember that it's your opportunity to buy more bitcoin whenever this kind of thing happens, that's just how things are and you should know how to adapt to it.

Bitcoin is volatile! Is that not enough reason for the price to fall and rise too?

It's more like a natural phenomenal for bitcoin. It goes up when the market choices to go in that direction, no one is actually in control of how bitcoin price will move. So it's normal to see declines in the price at a given moment, and at some time it goes up too.

Although sometimes there are actually causes of price movement, news can be part of it but yet that doesn't determine how volatile it will be, it's just the nature of bitcoin to always go up and down.

Some of the things you have mentioned above can indeed be used as reasons for the influence of market conditions and Bitcoin price conditions because the things you have stated can indeed encourage some people to sell their Bitcoin into the market. But it won't always be like that, because I am still quite sure that there are still enough people who want to keep Bitcoin and are not affected by most of the things you have said so that Bitcoin can still survive at the current price level. And apart from that, I am still quite confident in price improvements when the things you say start to be lost by other effects when investors are no longer affected by regulatory uncertainty.

But there's no significant news stories that impact bitcoin directly though? Feels like it would be a little difficult to point it out on the current affairs when those current affairs doesn't have anything to do with the current price drop, sometimes it's just the market, some people are hodling longer than ever and there's times that people are going to not be selling for the current price, people often forget that it's the people/traders in the market that's making the price go up or down and they also forgot that bitcoin is a volatile investment, price drops happen without a warning, it can be the price peak today but then the next hour or day, the price plummets, that's the beauty of volatility, it can catch someone off guard if they're not adaptive to the current market condition.

The only ones who are in “control” of bitcoin is its investors. The sentiment of the people control in what direction will bitcoin go to. Is it upward or downward? It all depends on how the people perceive the value of bitcoin. Is it worth buying or should zi say? It’s simple as that.

Do not think too much about this, the main and only reason why Bitcoin was down on Friday (because it's the last day Bitcoin showed some serious dip) is because it is not done correcting lower. We all know what the ETF hyping caused last year against this year, it actually helped Bitcoin to move more than $40,000 upwards if I am correct. This couples with the fact that Bitcoin started moving upwards in 2023 from a very lower level, so trying to make a determined correction is not out of place now especially this time when FUD is trying to reign and FOMO is gone as well. Bitcoin slipped into a bearish outlook in short-term disposition which I still believe is for a long-term retracement, so do not expect it to end the bearishness yet, at least, not unless it successfully breaches above $73,850 (ATH). This is when we can now believe a serious bullish trend is rekindled, and such which could take it upwards.

And in case the recent bullish attempt confused you, the coin was only helped by some US news, which made it have some short-term gains which were not sustainable. The Dovisness of FED and the multiple news like the main Unemployment rate, Average Hourly Earnings, and the NFP among others helped Bitcoin to grow in almost 2 weeks. But Bitcoin can't help itself further for the lack of buyers due to uncertainty. For this, the overall outlook of the coin is negative, so I expect it to maintain it for a while even if it does not fall so much.

I think like other businesses are being effected by the hidden fight between USA and the Russian-China block the crypto world is also very much effected.

If these kind of tensions will continue then I done think the market will be same again like it was before. In order for crypto to flourish these war condition should be minimised. I hope these kind of situation will be catered by the crypto owners so that the market can get free from political situations.

Just a normal day in crypto industry. Its market value wont be up consistently and these inconsistencies are simply the thing thaat makes it profitable to invest. As others have mentioned, there's no absolute reason on the recent market crash, also it does happen often. It could also be manipulation from big investors who took profit when price reached the new ATH. Is it a bad thing? depends on who views it. Those who sold are simply preparing to accumulate at a lower market price to simply maximize the profit. What's best right now is to also do the same thing and to focus more on adding more to your portfolio while the market is still down. Recovery is most likely to happen soon and we just have to be patient for now and avoid FOMO and FUD.Won't be of any help as well determining what affected the crash. We should focus more on our plans to cope up with the decline on market prices. Factors affecting the price aren't something we can revert.

BTC is volatile because of its properties but it is also true that several events can affect its volatility. It is hard to state one reason but we will only point to those we think that contributes a lot. The halving didn't bring a positive impact on the price of BTC, therefore its not a good reason for the people to sell their hodlings and if you think the trend is positive, then those weak hands will also feel the same.

There is no way for BTC to end even if its price were already dumping too much and I don't think many are also going to sell during it because they will only incur a loss if they do. What they will do instead is buy more because happening like this are only rare.

To sell your Bitcoin or to buy back Bitcoins do you need any special development, if NO, then that is the answer to your question, well this question belongs to another section called speculation, or trading discussion, anyway now you've asked for it here so there no problem with it as well.

Market makers I mean the buyers and the seller take their positions according to their phycology and needs and the trade decides the market value, the pumps or the dumps based on the developments are mostly temporary which triggers the market makers' bullish or bearish sentiments.

True, Although many factor may affect bitcoin nut in the end the ones that making bitcoin increase and decrease its price is its people who invested on it, although no one controls it but believe me if we all agreed to one thing we can control and manipulate the price of bitcoin, for example those whales, they are the ones that has a huge portion of bitcoin holdings and depends on what will they do to their assets they can make the price of bitcoin move, that's why I don't know what factor is affecting bitcoin right now that people are selling their holdings but it is proven that we hold the destiny of bitcoin, without us investros there is no bitcoin that has a huge amount right now, and without bitcoin there's no us who's beneficial to it. So it's normal for bitcoin to decrease and increase; you know that it's volatile, right?.

True. Bitcoin is volatile in nature so expect that its price will never stay upward or downward position. No need to find the reasons of its price decline since this has been happening from the start. Probably, those who creates issues on this or find every details why bitcoin price moves like this or like that, are still new to the crypto market. But I believe in the long run, they will come to realize that this is just normal for a volatile market as well.

I suggest to you guys that zoom out the chart, it just clearly we really did great these past few months especially last year that we were enable to create new all-time high, and these small dumps are just part of correction, so for me, everything is good and still bullish, especially we are still keep bouncing above $60,000.

The simplest explanation to this it's because of the market sentiments. More people are actually selling than accumulating. Those you have mentioned maybe some of the reasons, but who knows what significant reasons how bitcoin being priced today, but is it something we really worried of or this could be another opportunity that we are going to miss again?
People are very optimistic for the 6 digit figure, so none of this will matter in the next 5-10 months.

If people are optimistic about the 6-digit figure that bitcoin will reach, why do many people sell without accumulating?

In my opinion, this is just market movement, I mean after bitcoin has grown for many consecutive months, a decrease or correction is inevitable. There are always bulls and bears in the market, the bulls have been dominant for a while and now it is time for the bears to prevail. As a financial market, increases and decreases will always alternate with each other, we cannot expect bitcoin to only increase and not decrease.

Bitcoin decline is an opportunity to buy, not the time to panic, but it is difficult to understand why many people are always afraid and always ask thousands of questions every time Bitcoin price drops.

Because being "optimistic" is an emotional response. Those who use words like hope, feel, optimistic or excited are the ones who lose money. Same flaw as gambling.

I sell to secure and realize real profits and continue to invest and sell systematically to a business plan, it works.

I haven't found an institution yet that takes my emotions as payment.

What I don't understand is why people HODL (that's fine) and come on here to convince everyone else that's they way. Are they convincing others or themselves? If your going to HODL then do that and don't waste time here, invest your time in something else or go to the gym or something. Treat it like a job.

What a joke, Bitcoin price only drop around 4% and now you're trying to find the reason from that tiny drop?

It was drop without any reason! just a normal supply and demand.

If you invest in high volatility asset, you need to accept the price can going up and going down for 10% in a day, 10% is also normal.

If you're looking for stable asset, check stable coin, you will not get heart attack for holding it.

Since we all agrees on the fact that the bitcoin market is volatile, then we should expect for it to fall and likewise rises the same day as the case may be, we cannot accurately predict what may happen at any time, but instead, we can choose to add up to the chances on us making profits by this if we understand well on how to speculate, this is the way we are going to have the best position with our stand on investing with bitcoin

Price corrections are very natural in Cryptocurrencies, especially Bitcoin, we know that traders like whales who use quite large amounts of money often do pumps and dumps in the market. To increase the price of Bitcoin again is of course very easy, we can see that the price of Bitcoin has now gone up again. So far, when you want to trade in Bitcoin you have to understand the risks of rising and falling Bitcoin prices which must be utilized properly to make a profit.

No one is free and wastes time convincing others, what we are doing is just sharing the ways that can bring the best profits in the market and Hold is one of the best ways we have. We only share experiences and knowledge with each other, no one convinces anyone.
If you don't like Hold, don't hold and ignore that advice, and you don't need to spend time criticizing just because we don't have the same thoughts as you. You advise others not to waste time here to convince others, why don't you do the same, spend time for yourself instead of spending time complaining to others?

On the time that reading up someones real experiences then it would be best that you shouldnt really be taking this as an indication for you to have on the same decision as well. You could really be able to have that kind of comparison on whatever you had analyzed earlier and would be just that tending to apply if ever it would really be something significant on your part. Shared informations arent really that
as bad either. Its true that no one forced you to do the same on which we know that it would be on your own free will on whatever the things that you would gonna tend to do so.

Why Bitcoins price is down today? Its just like an ordinary day here on crypto space and its never been new and its never been that a shocking day because volatility is something that been attached by it
since from the beginning of this market. Movement of its price or value is never been that fixed nor really that static on which means that it will be always moving unpredictably.
Therefore, outcomes or results will really be determining on how well you do handle yourself into this place.

if you are a bitcoin investor you have to observe the market very well before you invest because there is every tendency that the price of Bitcoin may fall after you have invested and there is everything tendency now the price of Bitcoin may rise after you have purchased so this is to show or to tell you that bitcoin market is unpredictable and the market cannot be said that is on statistics equilibrium why it is not so invest in Bitcoin whenever you have make your research and also learn how to interpret the chat of Bitcoin before you venture into the Investment to avoid loss

I'm not necessarily interested in finding out the exact reason why the price of bitcoin dropped - but the drop was clearly for one reason or another. The market has been considered to be on a bearish trend after the halving last April - but I don't think so because the downturn is normal. Market demand has not been that great so far and this makes the market a bit dull for anyone expecting a big rise post-halving. I don't think it's the best idea to expect the price of bitcoin to rise a lot in the month after the halving - so a drop like this should be considered normal until you understand enough what the volatility does to your investment strategy.

Yes - that's the reality. However, this tendency can basically be exploited if investors have a strategy that has been prepared before investing - one of which is DCA. A good investment strategy approach will determine how much bitcoin you can accumulate rather than a lump sum - but there must still be consideration of risk so that they don't get too greedy.

It is very difficult to understand the exact reason of the market but the market is still in a good position maybe the price drop is creating new opportunities for investors to invest more. As far as I understand the recent drop in the price of bitcoin has nothing to do with economic uncertainty or the economy and will have no effect on bitcoin. Due to the fake news situation in the crypto market the prices of cryptocurrencies are also falling which has no effect on the demand for long-term investments in bitcoin.

I think that with a correction it is very important to create a very attractive situation for more and more investors to want to place their funds, so that they can produce something that is highly anticipated in due time.
I think whether big or small information about world economic developments or any information on social media will at least influence the movement of crypto, it depends on how much that role will influence. some are only temporary but quite a few also last a long time. but it is common and there is nothing strange in crypto everything will return to stability.

I don't think there is much to predict in Bitcoin that cannot yield accurate results, but the issue is that many do not know how to make the right predictions. Fine, no one can predict 100% accurately as there is no perfect trader/investor in the market, but I tell you today, if it is an average of about 95% predictive accuracy, yes, some traders/investors are still achieving that. Myself is trying in this aspect which makes me know that it is doable. However, what is happening in the world of Bitcoin is not unreadable, it is just a matter of too much expectation that backfires. Fine, Bitcoin may still rise but the time is what I do not know of, which is why we should continue to be patient even as we are accurately reading our trading charts for the best and real-time guide.

As it is now, Bitcoin is moving sideways and I've detected this in the last 2 weeks. It should continue like this for a while even as the following points are important for both buyers and sellers for future engagements. Bearish ($60,590, $60, 340 & $56,450), the break below of those levels may trigger more bearish pressure for the coin. Bullish ($63,130, $65,430 & 73,850). The breach of these levels means more bullish movements for the coin.

There are so may reason why bitcoin price goes down it is because of the correction, halving, investors, news etc., we cannot point out sometimes on what is the main reason of the dropping of the btc price, the only one thing for sure is that it will surely bounce back after the dip and the investors who will buy on dip and hold till the bullish season will always win.

I don't mean that I don't believe in all the causes you mentioned, but the cause of price decline is still strong because of the law of supply and demand. If the reason the price is down is because there are still a lot of weak hands, I totally agree. People's fear of the decision to sell due to many developing issues cannot be avoided, but for those of us who choose the long term, I can say that this will not apply by continuing to hold.

The first thing I did after reading this post was go to the market to see how Bitcoin was currently priced.
The graph is still running horizontally from the previous ATH price.
If the level of holders increases, a vertical graph will occur, although I don't have strong analysis to give an idea.

It all boils down to the news in my opinion, recently there are some negative news that really pull the price down after reaching new all time high at $73k. And although halving is done already, the effect will not be immediately felt. And that is why Bitcoin is very volatile as there are several factors that will affect the price. But at this point though, as I have said, we are post halving already and so I will be optimistic that the price is going to be on a huge run this year. And I'm seeing that the price could at least be at 6 digits at the end of the year. And just like the previous runs, we will have to wait and have patience to see the the price going on a massive parabolic rise this year and it will continue till 2025.

The last one I followed why there is a rise in BTC in this near future, the US announced inflation figures and interest rate cuts and this may also have a little good impact is Robinhood launched a single staking in Europe and that is enough to make the market enthusiastic again. Good news like the above in my opinion is enough to increase investor interest to increase BTC purchases that were previously stagnant.

Many factors causes the price of Bitcoin to decline, some certain news or even whales when they decide to sell off and we are aware that volatility is part of Bitcoin. Good you made mention of corrections and that is just what we are currently experiencing. Within just a few hours the price of Bitcoin just moved from $62k to $66k which may slightly decline ones again so everything both the ups and down is what defines Bitcoin and we should be able to detect a good entry price.

There are opportunity when the price is going up, which is the time people use to sell their BTC to save for another bear run that will occur soon, and when the price is falling in the market, is another opportunity people use to buy BTC and hodl for long years before they can sell to establish other Businesses.

If you buy at this current price, it will be hard for you to be satisfy with what you are going to earn from the market because the price has hit $67k which people are still using this season to sell to make profits from the market.

I guess the numbers of people selling their BTC right now is high, because they want to meet up to buy BTC when the price fall back to $20k before they can buy again to prepare for another bull run.

When the market is going up then you would be having the opportunity to sell out
When the market is going down then you would be having the opportunity to DCA

Doesnt matter on what the market condition, there's always that opportunity for you to do so. It would really be just that a matter of choice on how an individual will really be reacting
on a certain market condition because not all would really be having on the same experience and with the same mindset on which it would be leading up on the same decisions.
Profitability will really be that basing up on how well you do find yourself handling on different market situations or conditions.

The key on here is that you are aware with those market conditions just because you are really that tending to deal up with something which is unpredictable
on which it needs planning and proper handling.

I am not sure if it will continue like this, but I think May could have some good days along the way that we are not seeing right now. Of course it is not going to be easy at all, but it wouldn't be all that hard neither.

We could see it start to grow eventually, we should be proud to have what we have, and not really worry about anything else. People are looking into this situation as very risky, but we are talking about something that would cause a lot of trouble. Just let the price be what it is and accumulate, because it could go up this month or maybe it won't but in the end we know that it will go up eventually, so accumulating is always the right strategy when we are talking about long term results for it.

Sometimes the price of bitcoin can not be predicted and when we assume that the price of bitcoin was caused by something it could even be something different.  As an investors right in my mind I already know that the price of bitcoin is volatile which it can fall and rise at anytime, I see no reason why I should be bothered to know what could be the reason for the price of bitcoin when I know bitcoin is a volatile asset.  

Just forget about the fall of price and invest, the fall of price is an opportunity to buy more bitcoin and you should not allow the fall of bitcoin to disturb the peace of your mind because the market can't do without volatility of price.

Yeah that's what art investors have been doing for years i mean we should be considering every single dip as a buy opportunity instead of cribbing and panicking about the dip which will lead us to incorrect decisions like panic selling. Mostly people who invest for short term tends to do this mistake and end up losing on profit by panic selling. People should realise Bitcoin is not gold to have a stable growth it can be extremely volatile as well.

In fact, it should indeed be that when the halving period is finished there will be corrections that will occur and have not been seen, even though there is a decline, but it will increase again, and it continues to be done at this time.
I actually agree that there will be a decrease in [corrections] if it does happen later because the right time to buy and when the one who is holding does not need to panic, let alone have to sell it. Because after the correction there will be another increase and the decline is for the driving force of bitcoin to reach even higher.
Remember the 4 years will occur in 2025 and are still quite long, so if there is a correction it does not need to be feared it will increase again that time and that is the habit of Bitcoin.

The religion of Bitcoin is to fluctuate, either too high or too low. Bitcoin has always been a volatile coin. No one can ever say with 100% certainty when the price of Bitcoin will reach any level, it can only be guessed. As Bitcoin is volatile, holding it for a long time gives us very good returns. Don't pay attention to Bitcoin price drops, see every dip as an investment opportunity, and invest as much as you can. Just buy and buy and hold. The longer you hold, the more likely you will get returns, remember HOLD is GOLD. Bitcoin market cannot run without Bitcoin volatility, so make your mind more anxious to buy at low prices.

It is normal for Bitcoin price to go up or down at any time, but currently the signs of a Bitcoin price drop would be the best opportunity for investors. Because they will try to hold Bitcoin for a long time, and there are many investors who will accumulate Bitcoin until the bull market and start selling their holdings. So now is the time to prepare yourself as an investor because investing is sure to pay dividends later.

A volatile crypto like bitcoin is not what we should expect to be on the same sport for long, there are many other things that always affects its changes in market price, the economic factors, news, demands and supply and many other determinants, we are going to continue to experience the undeterministic nature of bitcoin whereby you can discover a change of price at any time with bitcoin.

One day by itself wont matter compared to the sequence or pattern of movement.   There are events and news and data even that can influence the price but I think if we do have a big rise it was part of something in a build for weeks before probably, same with a loss or sell off in any big way.

Right now Im watching the trend since last Autumn but especially relevant was the last 3 completed weeks for BTC.  I really want that trend to remain valid by not closing below last weeks open or low.   If we keep trending up its going to break any resistance and people will asking why was especially strongly rising today, 10% hopefully :D

That is already a given fact though, we all know how volatile it is since it's inception, however, that's we love about Bitcoin market because it's unpredictable and there are traders or investors who take advantage of it and then make good money. For traders, the swing will made them buy at that dip and see how the market moves and they sell at the right time even if the changes are too small, but the goal is to make money like every day. For investors, the same, buy in the dip and then hold and just repeat the cycle or uses DCA to accumulate. So it's not like when there is a dip means that we shouldn't exploit it and be negative.

Bitcoin price increases and Bitcoin price decreases always start from public issues, statements by officials and world figures.
When a world figure says he will buy Bitcoin, the price of Bitcoin will automatically increase. When it is rumored that a country is banning Bitcoin, the price will automatically fall.
But I see the exchange as just a whale's game. He can tinker as he pleases because he has capital. And one whale communicates with another in the business sector.

Going back into the past or lets say 2015-2019 on which this market isnt really that highly or really that reactive when it comes to news or sentiments but now on these years on which it is really that something that really been relying and people is really that basing up with those Fundamentals on which its not really that bad considering that it is really that correlated or something which is connected.
Aside from technicals then it would really be that significant that people would really be that keeping an eye when it comes to news on which it would really be something that a normal approach to have.
You would really be that definitely be thinking that if it turned out to be negative then it would be making some dump in the market, vice versa. There are really just that those individuals
who would really be that highly reactive or really that not thinking off that well.

If the price value of bitcoin falls, such things are not surprising because of the volatility that bitcoin has. So there may be many selling and buying positions there; that's what often happens with the Bitcoin price in the market. 

And what happened to the ETH ETF approval that happened the other day did not have much impact. Although the fact is that the approval is only 100%, if I'm not mistaken, the 100% is not yet that complete. Please correct me if I'm wrong. Thanks.

BTC is swinging around 69k again, just like April start.   It can be said to be positive as we are above both weekly and 50 day averages.   Mostly describing price as negative or positive seems incorrect as its swinging in circles with zero velocity achieving neither ultimately over more then the short term.

actually the price of bitcoin going up and down is normal, which makes the decline in the price of bitcoin abnormal because it occurs during the halving. We all know that when the halving starts the price of bitcoin will rise drastically in a short time, but what has happened recently is that the price of bitcoin tends to be stable. I don't know the reason why this happened, but what I know is that halving is closely related to miners. If the market conditions do not change or improve, there is a big possibility that this year the price of Bitcoin will not reach $100k.

People doesn't have to panic when they sees the price is down because the corrections will always comes many times. If they sees the price is down, they can buy more Bitcoin and holds it until the price rise again. It's good to buy Bitcoin in a low price because that can gives them the opportunity to sell at a high price, whether they just sell it when the price increase or sell it when the reach ATH. As long as they can buy many Bitcoin in a low price, the chance for them to makes a big profit will be there and they will their profit will increase from time to time. We don't have to thinks about the reason why the price is down but we must use that time to buy back Bitcoin so we can collect many Bitcoin. Many people predicts Bitcoin will reach $100k so we must use this time to buy many Bitcoin.

Those who can afford to buy more during the dip should buy more and more while those who cannot buy more should just prefer holding their already bought coins because if they decide to sell during the dip then this will be the biggest mistakes of his life.

Bitcoin volatility is a profitable feature and because of this feature it is accepted by most of the people all over the globe. Whenever you see that market is going down then think about the past and how lower the value was but now it is not much lower than that value so remember that better days will come again very soon.

Market sentiment is present when bad news comes, and when good news comes, it will automatically disappear and end in positive sentiment. This is normal and always happens when BTC is at a good price.

So. With negative sentiment causing prices to plummet, friends who haven't bought it have the opportunity to have BTC too, even if only a little. I think we can just take the positive side here and continue to hold our BTC and don't sell it in conditions like this.

Some people will always question the volatility of Bitcoin prices, even if they are experienced. This is sometimes important to worry about so you can decide what your next plan is if you are a trader. You can make a good trading plan and take advantage of price volatility to make profit, but if you are an investor then you can accumulate during correction.

There is no worry if you don't have a plan, I mean long term holder tend to be fine without being affected by volatility. Meanwhile trader and short-term investor tend to worry about the price because they really don't want to miss out on the opportunity to get maximum profit.

What happens next when the price reverses the decline? Is there a reason why that happens?

Relax. Not always focused on the various reasons behind every market event. When the time has come for an event, just stick to the theory of supply and demand.
If most market players are still vulnerable to issues that make them easily give up and make the decision to sell, that will influence the decline.
If in an annual period there is a decline as has occurred recently, it can still be considered a normal condition.

This year there have been many very different market players in the crypto market and this has happened with Bitcoin, causing the rate of price correction to be less than in previous years. So it is true that those of us who have become part of the market must be more relaxed in responding to various reasons and uncertain speculation regarding the next price in Bitcoin. However, price decreases and increases in the market always refer to supply and demand benchmarks apart from the effects of bad issues which can still shake the minds of a small number of market players at this time.

I agree, very often we see newbies and other inexperienced traders trying to find explanations for even the smallest movements on the market, but very often there is no other explanation than that is just the way the price is moving right now, only big movements can have some sort of definitive explanation, but even that is not completely true, so the most important thing for a trader is to concentrate on the price itself and stop worrying too much about why the price does what it does.

Totally different on which we know that institutional funds are already that flowing on crypto space and different ETF's now are neither approving or declining on which these sentiments are really that affecting on the current market condition that we do have now. If we do compare out that predictability of the price in todays market then i would say that it is really that far more that you could anticipate basing up
on the news condition whether positive or negative on which we could really be able to assume out on where it would be heading, but of course this isnt something that will really be giving out that assurance
because this market is always been that unpredictable on where movements could really be always random and something that cant really be predicted.

On the moment that you would really be deciding on stepping your foot into this market then expect the unpected for things to happen on which we know that this would really be a roller coaster like ride.
There's no way that you could really be able to make out that kind of precise predictions no matter how good your technicals or fundamental analysis is. There's no way that you could apply 100%
accuracy no matter how old or veteran you are on this market on which predicting prices and on where it would be going is always that a pain in the ass.

Not all cryptocurrency price movements in the market always have an explanation. Sometimes the price movements that occur can be caused by the influence of whales who are manipulating coin prices in the market. But it's not always like that because usually whales will make movements depending on good news or bad news, there are several large media that can influence prices on exchanges.

During every bull market, we will definitely be getting up to 20% -30% retracement in the market and it is very healthy for the market and whenever you see these pullbacks, then that is a gifted opportunity to position and reposition yourself in the market and not for panicking, After the price reached $70k, it was a due for the price to come back and gather another momentum for a further move to the upside and $66k-$67k was the good retracement zone for the price to get a bounce and that's why we saw the price dropped.

I've been looking for answers for this question, but it seems nobody can give an accurate and satisfactory answer.

The only thing we can interpret is what the market is trying to tell us at the current moment. As I see, whales don't want to raise Bitcoin's price yet. They want impatient investors to put their coins for sale, so those whales can surprise everyone with a sudden pump over BTC price.

It's more or less like this: since everyone is expecting Bitcoin to pump, it's not going to happen. But as soon as people decrease their alert on this matter, then Bitcoin will start being pumped. And those who waited patiently will be rewarded.

I know it's quite frustrating to not find the answers we are looking for, and more yet to not know when Bitcoin is going to finally break the 70,000$'s line with stability, but there is nothing we can do about it. At least, not that I'm aware about.

An experienced trader will not asks about the volatility of Bitcoin prices because he knows that the Bitcoin will always change from time to time. He will analyzes the Bitcoin market and check where the trends moves so he can determines when he can enter to the market. If he feels that he doesn't have to enter the market, he will not do something instead watch the market moves. Before he enter to the market, he will always analyze to see the chance for him to make a profit. He doesn't needs to forces himself to enter the market, especially if he see the market is not in good situation.

Long term holder will knows how to act except they are gets in the trap because of the volatility of the Bitcoin prices. With this volatility of Bitcoin prices, we must learn more to adapt with the current situation.

Prices are not always a burden for Bitcoiners, unless they are traders, so it is appropriate for us to say relax.
Beginners don't always stay with their status as beginners. If beginners are willing to take the time to continue figuring out what it should be, I believe they will change and not want to become traders with Bitcoin.

Market ups and downs are completely normal. By taking advantage of market cycles like that, they will be aware of what decisions to take.
We admit that our goal is the same as Bitcoin, it's just a way that differentiates us from market players in general that we mean.

Outside there are various speculations that can be seen, especially regarding the price of Bitcoin and one of them is the phenomenon of decline.

For example, some of the speculation I've read.

These three factors, in my opinion, one of the current situations that allows the influence of the decline on Bitcoin and there are many other cases that can be matched with the current decline in Bitcoin.

But you should stick to your own principles, if you look at the Bitcoin price this year, it hasn't shown any significant movement, my principles and my speculation Bitcoin will experience price increases that are far beyond the minds of investors and Bitcoin users themselves, conclusion: you must have Bitcoin in your wallet.

There are many reasons that cause market movements to go down or up. It could be because of news that makes prices depressed or, as you said, because of manipulation by whales. Anything can happen and that's normal in a movement like this. That's where the art of investing in crypto lies.
But what is most common is that, due to active trading, demand and supply differ, resulting in direct changes.

I think, demand and supply are the major factor that makes Bitcoin price to increase and decrease which you don't need to allow such thing to cause you challenge, because there are some investors always use bearish season as an opportunity to purchase and hold, and use bullish season as an opportunity to sell to add income. This is the right time to purchase Bitcoin, if you have enough capital to purchase Bitcoin, because investors are still expecting $80,000 before the end of this year which it will definitely happen soon. What is happening in the market, is an opportunity for those that missed it before to quickly use this current price to purchase Bitcoin and hold before the bullish season will appear.

You are correct though cause most of the things you mentioned affect Bitcoin behavior partially and just like they have replied above, Bitcoin is volatile that means it can rise and fall anytime and any day and I don't think we should be disturbing ourselves on the factors that affect Bitcoin now rather we should be thinking on how to accumulate large number of it and hold it so that by the time the bullish period will reach everyone will make something from it and I know that we when this bullish period will come those short term investor will pull out their money and wait for another dip before investing but that is not the best way to go about investment.

The whale you are referring to is a person who has a lot of capital to move the market and this is something that everyone can explain if they know it. Because there is no price movement in the market without a cause, so things that can influence the market and many people buying a coin are part of the cause. And whales are also people who seek different profits in the market so this doesn't need to be addressed too complicatedly because whales have more ability to influence market conditions.

I also look more at active trading and at different supply and demand in the market as causes of price decreases and increases. Because it is much more logical to look at than speculation about whales influencing the market, even though there are whales who always make the market change in a matter of days. But demand and supply are the real thing that many people can see in market conditions every year so it has become a very common cause now.

There are days when it has to be down, it's as simple as that and nothing more. I understand that people may react like it is not going to be all that easy, but it's quite easy when you think about it, there isn't really any big reasons for it, we are talking about something that will be quite simple.

We just end up doing something that will not take that long, because whenever we go down, it takes only a few days to go back up, bitcoin is on a bull path right now hence we won't stay down for too long. This is of course not that simple to react, some people will say it is going to be long time, because during bear periods it takes time but contrary to what they believe, I believe that we are on bull path and will go on for a while longer.

This is the crypto market, it doesn't have to be easy and every movement of the market always has a different movement, sometimes bullish and sometimes down, this is a movement that is no longer surprising for investors, and the price of Bitcoin will of course vary at any time. .

Well, it's simple and easy for people with knowledge and patience, but those who lack knowledge and also aren't very patient will have a hard time when they see the market losing value because they don't know anything about the market's volatility and how it goes up and down from time to time as they aren't knowledgeable enough, this is why everyone involved in cryptocurrencies needs to have enough knowledge about the market before they get into it.

We are people who have been in the industry for quite sometime, we have seen a lot of ups and downs in the market, we were here when Bitcoin crashed to $16k earlier this cycle and we have witnessed projects such as LUNA and FTX failing badly and causing a lot of panic and FUD in the market, so volatile movements don't bother us, but it's not the case with everyone out there as I said.

I agree that we are on a bull path right now, and it should probably do a lot better with time, so we should not really consider how we could get any worse, we should consider how we could get better with time. This is why I believe that we are going to do wonderful, we just need to give it some time. I know that it is going to be a tough situation, and it is going to be not a good day, we just need to focus on how to get better.

If we keep thinking about the falls, then we are going to have some worries and fears, but if we keep thinking about the recovery after each fall, then we are going to have hope and courage to invest more. This is why I suggest people ignore the drops, but see the increases, to have more hope towards bitcoin.

Supply and demand is what dictates the price of bitcoin, so if bitcoin is up in price it means there is high demand of bitcoin and little supply which means there would have to buy bitcoin at a higher price and when price is low it means there is enough bitcoin and little demand so the price gets low, selling and buying is what tips the scale of the supply and demand law, you see bitcoin had a fixed supply and can't suffer inflation so when much people are holding bitcoin it affects the available supply and causes scarcity which in turn makes price soar for buyers cause no one wants to realese his to them and vice versa.

It holds the most importance in the economic market, because people have invested so much in Bitcoin that there are huge investments in it from all over the world. But if you hold on to it, hold on to it because it has remained faithful for a long time. So these factors must be responsible for why it plays a substantial role in starting the next bull market.

First of all if we understand inflation as an increase on the amount of units a currency has available, then every single time a new block is mined bitcoin goes through a small amount of inflation, the difference with fiat is that the inflation is completely under control and we have less of it with each passing halving, also while it is clear that supply and demand are what controls the price fluctuations we see on any market, when people ask a question like the one being asked on this thread, it is because they want to find a more specific answer to it, even if a great deal of the time such answer does not really exist.

That is also a reason and there are still so many reason why bitcoin price drop or rise or maybe stable sometimes, and everything is not just happen today or yesterday, this is not new we can see it in some news and it happens from so many years until today, the price of Bitcoin is not stable because it is decentralized and it depends on the investors, users, holders etc., and not in a government so don't be astonished if you saw btc drop or rise and rich new ATH, because that was normal in btc price.

Yes. Maybe the timing is always right if we pay attention, but what is a good lesson for us is that when trading is done like this, don't go against the mainstream and just follow the movement pattern. But in BTC I think it's clear, even if there is a correction, the price will quickly come back again, let alone good news.

Market is up today but the reason why BTC could be down in this area is we already had a series of gains right upto resistance.  Either we go big up from here or the bias will be downwards.

We have to pay attention here, speculators will buy into a price that can gain further but when that blue sky picture ahead disappears so does a certain amount of short interest and speculation.   Less buyers in that brief time period can lead to pricing selling off hence the resistance becomes a self confirming idea.

BTC has been repeating these moves for most of this year now, we only really held clear into March then it was rinse and repeat to throw off the weak holders and confirm the prior price gains as genuine to a wider market.

Whatever we end up doing, it doesn't matter if we are going to be volatile or not, because long term is a higher and higher trajectory and that's what matters to us. I get that it may not feel the same way to many people but that's what we have and should be proud. I think if you see the price move a lot, that will impact the traders, and that's understandable there is nothing wrong with that.

However, if you end up with a greater return while holding then that's fine. If you keep thinking why it went down all the time, then you are going to lose your mind and there is nothing that could be done to make it work. I hope that we could just focus on how to get better, and if we could do that then we are going to be quite well with what we have.