Why the Bitcoin is still down?

[sulendra12]

It's not going down rather than it's really stable by this time although we still have no sign when the bull market is coming or even to $10k because having price in that range($8k) just makes investor become worried to even invest because they thought it would keep dumped afterwards.

[1715437586]

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[MathGame]

I think the bitcoin price is down due to the market situation as many individual and institutional investors are afraid of putting their money on bitcoin. the cryptocurrency market is unpredictable and anything can happen whether good or bad, so the majority of investors are afraid of losing money in the current situation.

[boltz]

Did the market just switched positions from bear to bull ? Or I'm to sleepy and I need to go to bed ? Because the charts are acting weird right now , instead of going down they burst upwards different from a normal swing...hmm..so I'm thinking we might just saw the end of the bear market and we just enter the bull market which is slowly building. Any experts here in reading charts ?

[barabarian1]

Actually if we look at the price pattern from the beginning until now, bitcoin has a pase where prices have corrected and recovered by themselves but in a period that cannot be determined, now bitcoin is experiencing this correction we can use as an opportunity to buy at a low price and sell it later when prices recover and skyrocket.

yes i agree with you i think bitcoin has a certain pattern. there is a downward trend and there is an upward trend. at the time of 2017 yesterday bitcoin experienced an upward trend and currently we are on a downward trend. this provides an opportunity for new and old investors to add bitcoin. I am optimistic that bitcoin will rise again even though I also cannot be certain when it will happen. I will be patient waiting.

[haidil]

Actually if we look at the price pattern from the beginning until now, bitcoin has a pase where prices have corrected and recovered by themselves but in a period that cannot be determined, now bitcoin is experiencing this correction we can use as an opportunity to buy at a low price and sell it later when prices recover and skyrocket.

yes i agree with you i think bitcoin has a certain pattern. there is a downward trend and there is an upward trend. at the time of 2017 yesterday bitcoin experienced an upward trend and currently we are on a downward trend. this provides an opportunity for new and old investors to add bitcoin. I am optimistic that bitcoin will rise again even though I also cannot be certain when it will happen. I will be patient waiting.

of course we must be optimistic in investing, the value of bitcoin will continue to grow, whether in the near or long term. of course every investment has its own risks whether loss or profit.

[Polo7]

I Don't undestood btc halving is not pushing btc price Up? 


I Don't get it why we cant see btc price 20-50 at least?  What is the issue with btc price?  Christmas is Coming and btc price Still Down! 

Ltc halving but ltc price is Nothing Now!

[Edraket31]

Did the market just switched positions from bear to bull ? Or I'm to sleepy and I need to go to bed ? Because the charts are acting weird right now , instead of going down they burst upwards different from a normal swing...hmm..so I'm thinking we might just saw the end of the bear market and we just enter the bull market which is slowly building. Any experts here in reading charts ?

I can't comment much, I am not expert in reading charts, but as per my friends who are pro traders it's a good sign that Bitcoins price is stable. They can see that this year it is possible for the Bitcoin price to be at $10 or more. We should not waste our time in checking the price from to time let us focus on long term.

[Polo7]

Bearish?  But we need bullish coz Christmas is Coming!  We got not much time left.

[sulendra12]

Bearish?  But we need bullish coz Christmas is Coming!  We got not much time left.

Without doing anything it's not most likely coming. Either it would dump or pump on christmas so bullish market is not 100% would happen.
If we look in 2018, where in Christmas the price was not that good and there was not any sign of pump at that time.

[syamster]

Actually if we look at the price pattern from the beginning until now, bitcoin has a pase where prices have corrected and recovered by themselves but in a period that cannot be determined, now bitcoin is experiencing this correction we can use as an opportunity to buy at a low price and sell it later when prices recover and skyrocket.

yes i agree with you i think bitcoin has a certain pattern. there is a downward trend and there is an upward trend. at the time of 2017 yesterday bitcoin experienced an upward trend and currently we are on a downward trend. this provides an opportunity for new and old investors to add bitcoin. I am optimistic that bitcoin will rise again even though I also cannot be certain when it will happen. I will be patient waiting.

of course we must be optimistic in investing, the value of bitcoin will continue to grow, whether in the near or long term. of course every investment has its own risks whether loss or profit.

As we see the price of bitcoin is now getting high gradually and it has improve upto greater extent, we should not lose our hope, as in back days it was too low but now it has recovered its price and it is the time to invest our money in bitcoin because its price moving up and is not stationary, and I hope this investment will bring profit not loss.

[TrevorS]

Bitcoin is down for pretty obvious reasons.
First of all, this is the lack of interest in cryptocurrency on the part of most people.
Due to the lack of this interest, large capitals are in no hurry to transfer their assets to the cryptocurrency zone.
Therefore, now we see how with small volumes trading occurs with a small amplitude.
All this in the future may lead to speculative growth.

[NewRanger]

Bearish?  But we need bullish coz Christmas is Coming!  We got not much time left.

Without doing anything it's not most likely coming. Either it would dump or pump on christmas so bullish market is not 100% would happen.
If we look in 2018, where in Christmas the price was not that good and there was not any sign of pump at that time.

christmas was the moment where many people rise their consumtion in this condition maybe they will sell some of their investment portofolio , maybe bitcoin included.its be annual moment all finance market will drop for a while.we hope this year will have different condition and bitcoin price move above $16k as many people predicted.

[ReiMomo]

Well, I think the only way is when people will buy more bitcoins so that there will be a lacking of supply. In that way if there are no more supplies and the demand is high there is a big possibility that the price of bitcoin my increase and might double or triple its value in a short period of time.

Another factor is what they called a whales, who are manip[ulating the entire market. If Bitcoin will down there is a chance that it will surge back again and pump up.

[Oneandpure]

Personally, I think that mass adoption is going to push the prices up and reach a new ATH. As the supply is limited, by increasing the demand for Bitcoin is going to have a significant positive effect in its price. We should try to integrate Bitcoin as a way of payment method in e-commerce businesses at first. This is very easy and it can show results directly to the market.

But today demand for bitcoin less volume while investor still waiting for when bitcoin raise up,not have good information about bitcoin will be adopt by company and legal transaction by government make bitcoin price very down now, now we hope at bitcoin halving in 2020 will be bitcoin back to higher price? actually halving day will be in 2020 and bitcoin usually come back to higher price with support by investor.

[gandame]

Bitcoin price is still down because it still on recovy movement. Maybe wait for  how many months or year before bitcoin price will recover.
So we need some more patience for that for we to get a good profit.

[Triffin]

Bitcoin price is still down because it still on recovy movement. Maybe wait for  how many months or year before bitcoin price will recover.
So we need some more patience for that for we to get a good profit.

If you are comparing the present price of Bitcoin with the price of year 2017 then yes it is still down as compare to that $20k, but if you see the price graph of Bitcoin and compare it with the year 2018 then you will find that the price has recovered very much and I think now it is much better and stable, so we cannot say that price is still down because it is increasing slowly.