Why Bitcoin Price is Down Today?

[kentrolla]

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.

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.

[lepbagong]

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.

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.

[Ricardo11]

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.

[Hallroom]

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?

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.

[Dunamisx]

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.

[STT]

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

[Yaunfitda]

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.

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.

[Moeda]

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?

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.

[Hamphser]

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?

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.

[bettercrypto]

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?

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.

[STT]

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.

[tengui]

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.

[maydna]

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.

[AnonBitCoiner]

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.

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.

[Freddie Boyer]

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.

[BITCOIN4X]

~Snip

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.

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.

[aylabadia05]

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?

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.

[CageMabok]

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.

[South Park]

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.

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.

[stomachgrowls]

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.

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.