BTC Price drops $300

[czvezda]

It felt like only yesterday where everyone was cheering for the 2000$ mark. Sometimes we forget the anxieties  a few ATHs later.

If we can't get past 3000 this month, there's nothing to be worried about. Bitcoin must drop in price every now and then to encourage buyers too. More buyers = eventual higher values.

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[Schuyler]

Last time trhe price touched $300 was late 2015, I think. Seems to be a distant past nowadays with the price soaring over 10 times in a span of less than two years. For the price to go really low again, something drastic would have to happen, which is really unlikely right now, what with all the adoption going on in several parts of the world.

[veleten]

one would think you are used already to such swings in bitcoin price
this is nothing out of the ordinary and probably has a very simple explanation (apart from bitcoin being a bubble and all):
many players and traders sold some bitcoins to cath the ETH rally train
once the excitement subsided we should see the price go up back to 2900-2950$ if not more
I doubt it will drop to 1500 any time soon,unless the hardfork proves to completely screw the things up,which it should not

[aso118]

Last time trhe price touched $300 was late 2015, I think. Seems to be a distant past nowadays with the price soaring over 10 times in a span of less than two years. For the price to go really low again, something drastic would have to happen, which is really unlikely right now, what with all the adoption going on in several parts of the world.

The OP is talking about the price of bitcoin decreasing by $300, not to $300. After crossing $3k, we did see an immediate correction.
We seem to have dropped another $100 today, to reach $2600.

[BitHodler]

We seem to have dropped another $100 today, to reach $2600.

Bitfinex even slipped to $2421 where it got a slight bump to $2530 just now. Everyone was already speculating about reaching the $3000 mark easily, but turns out, nothing comes easy in terms of Bitcoin.

There is a good level of demand, sentiment and momentum needed to make the price push through the $3000 mark. I am actually happy that it didn't do so yet as I right now prefer consolidation over another rush.

[lionheart78]

I am also looking at bitcoinwisdom checking the prices on different exchanges like bitstamp,  BTC-e, Bitfinex, and OKCoin, it seemd the price recovered a bit after dropping,  does this mean bitcoin is facing a bearish trend now?  Correction after correction, well, I just hope it won't fall down lower than 2500 USD.

[LFC_Bitcoin]

We seem to have dropped another $100 today, to reach $2600.

Bitfinex even slipped to $2421 where it got a slight bump to $2530 just now. Everyone was already speculating about reaching the $3000 mark easily, but turns out, nothing comes easy in terms of Bitcoin.

There is a good level of demand, sentiment and momentum needed to make the price push through the $3000 mark. I am actually happy that it didn't do so yet as I right now prefer consolidation over another rush.

Good post BitHodler, I agree that it's better to consolidate & build support levels around the mid $2000's, nobody wants to see epic dumps.

[Vishnu.Reang]

I am also looking at bitcoinwisdom checking the prices on different exchanges like bitstamp,  BTC-e, Bitfinex, and OKCoin, it seemd the price recovered a bit after dropping,  does this mean bitcoin is facing a bearish trend now?  Correction after correction, well, I just hope it won't fall down lower than 2500 USD.

Even I am using Bitcoinwisdom for my analysis. I changed the time interval to 3 days, and there is no decline in sight. It is almost a straight line, pointing upwards. That means that the overall trend is still positive. After I changed the interval to 1 day, the current decline is visible. But I don't think that it is going to last very long.

[skorupi17]

A sudden decline and boost on Bitcoin's price has become too normal nowadays. Most are just overlooking the charts. Bitcoin has enough demand worldwide to support its price and do not go beneath the 2000 USD borderline. Bitcoin will just have ups and downs for this month and when July steps in, we will see an increase in Bitcoin's price. Bitcoin might just reach the 3000 USD mark on July. Just hold and enjoy a bumpy ride for the moment.