Is BTC crashing?

[calme]

-Bitcoin appears to have hit a ceiling at the $775 mark, making a break below a short-term consolidation pattern and moving towards the nearby support.
-Price is now trading below the $700 mark and could head further south until $650, which is close to the 38.2% Fibonacci retracement level and a former resistance.
-A bounce off this correction area could allow bitcoin price to resume its climb to the recent highs and beyond.

http://www.newsbtc.com/2016/06/21/bitcoin-price-technical-analysis-06212016-watch-correction-levels/

So, that's about where we've hit. And $650 support does seem strong

[1714066204]

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[1714066204]

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[SuperHero87]

http://prntscr.com/bj2b1e
I am starting to worry now

and I thought the price of BTC is suppose to rise not drop due to the halving.

Supply decreases and demand increase= increasing price

yup, indeed bitcoin price down now, but i dont think if that means btc price crashing, btc price down because many people sold their btc and thinking if that was the best time for sold their btc ($760) but others still hold their btc until halving happens, well, anyway, my prediction btc price will be going up again.

I think bitcoin price will rise again soon

[Altcoinsupporter]

You can see already now that the value of Bitcoin is becoming more worth and that is really nice because there are many people now that is holding it so that is pretty nice.
But of course there will be always a chance that it can crash and that is really bad.

[ardentvolcanoes]

i think so because the btc price is getting low within an hour . but i hope that it's not if that will continue to decreasing i will convert all my btc to a real currency .

[West man]

i think so because the btc price is getting low within an hour . but i hope that it's not if that will continue to decreasing i will convert all my btc to a real currency .

As I am watching it.... It has gone up then back down to the way it was just minutes before.
Very strange behavior indeed for it to do this all in an hour. Not just by small amounts like usual but huge margins in between. 

[barbara44]

It is normal for the swing of price, I think it will rise again as halving might occur on July 10 only. Nothing to worry.
The price dropped due to profit booking by some medium risk traders as per the analysis mention in some btc webzine.

[unholycactus]

I'm still unsure why people think that very predictable events aren't priced in yet.
Just another normal correction.

[partysaurus]

nothing to worry about i guess, the huge price increase in such a small time, its only normal for a correction. and some people might sold off for good thanks to the price being so high and dont want to wait until after the halvening to sell of their stack of coins.

[mrhelpful]

nothing to worry about i guess, the huge price increase in such a small time, its only normal for a correction. and some people might sold off for good thanks to the price being so high and dont want to wait until after the halvening to sell of their stack of coins.

Pricing goes both ways.

So just cause halving is coming doesnt guarantee the price folds to go greater then it once was.. its all based on marker buy orders.

And what events that promote that behavior, I`d be surprised if we go pass $1k though if it rebounds back to  $700.

[outatime1]

I think it just rose to much too quickly. There is no need to panic. I used that opportunity to sell a little and I'm buying some again at a cheaper price. We will see fluctuations but the price is still up a lot from the beginning of the year.

[The Sceptical Chymist]

Man, I kept saying that the halvening was priced in for the longest time and I never saw how it couldn't be.  But having said that, I kind of expected a bump beforehand because of the buying due to those folks who are expecting the halving to mean something.  If that makes sense.  Don't know how to explain these recent price movements.

[cpfreeplz]

We're in it for the Ong haul. Don't worry about the dips. Any experienced Investor will tell you it's all about the time you hang onto an investment, not the short term dips and waves. No Bitcoins aren't crashing. It's a dip because of the huge recent rises. It's a correction that was inevitable.

[Noojna]

BTC will not crash now; it should come back up before the halving: it should recuperate one last time before it finally corrects itself for good, right after the halving.

BTC's problems are unsolved and unsolvable: that does not bode well for a shiny and valuable future. Come on Bitcoin, we are fed up of 1 hour confirmation times. Centralization is another major BTC issue which cannot be resolved. Long term prospect are not very good.

[electronicash]

http://prntscr.com/bj2b1e
I am starting to worry now

and I thought the price of BTC is suppose to rise not drop due to the halving.


Supply decreases and demand increase= increasing price

yes it will rise later. but first it will drop to the very lowest lol. if you bought btc when it hit 600, you may wanna take profit for now and wait til it drop to $400.
that way you can secure profit.

[cooldgamer]

It doesn't seem right to call it a crash when we were under 500 not long ago at all.  It just seems like a bit of a correction after the market got ahead of itself.  I'm thinking we will see stability around the 650 area for a little bit.

[bL4nkcode]

Theres no need to worry It just a little dump than its pumping from $400+ to $700+ and now its in $600+  though its decrease almost $100 for just a few hours but does not mean that bitcoin is crashing,  its just a normal from the increasing and decreasing of  bitcoin price. Maybe 24hours later it will increase or decrease again depends in its users.

[Noojna]

http://prntscr.com/bj2b1e
I am starting to worry now

and I thought the price of BTC is suppose to rise not drop due to the halving.


Supply decreases and demand increase= increasing price

This law of supply and demand does not apply in the case of Bitcoin, there are many better alternatives to Bitcoin now; coins which are not centralised and with reasonable confirmation times.

The only thing at play here making BTC price go up is cattle investor psychology. Bitcoin should drop right after or slightly before the halving.

[RobinHoodster]

Its not crashing it just has periods that its rising and than again lowering these days, its just unstable but this is logical for such an investment plus the halving is also coming so that makes it also going down and up.

[pooya87]

h t t p://prntscr.com/bj2b1e
I am starting to worry now

and I thought the price of BTC is suppose to rise not drop due to the halving.


Supply decreases and demand increase= increasing price

this is just a correction because of the sudden rise in addition to panic selling which is always an issue with bitcoin whenever there is any change in the price!

crash would be going back to $450 which is also not likely.

[bitcoinisfurture]

So fast BTC price changes mean that BTC market is not so stable, or there are some players, which buy or sale a lot. 

Yes biggest is China, if they decide to sell it will crash like anything and if they buy it will zoom past all records. So big players across globe is dominated by them. Hope it not the big crash this time.