Why is Bitcoin Down?

[nankers]

in this week, all price cryptocurrency drop down to 50%. I think for this month it must be stabilized at range $11000 - $12000 and on February price of bitcoin will be back to the moon LOL

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[Kersh768]

Looking as to why bitcoin is down

The recent backdrop is rumoured to be caused by the Bitcoin ban on south korea. I am not sure about it but the thing which is important at this moment is that, its market value is now gaining its momentum and again, increasing. We should take advantage of it and invest , now that its market value is not that high. Its msrket price will be more expensive whivh will give profit to its users .

[Happy Miner]

It turned out that yesterday's events - this is the usual speculation of investors who decided to collapse the market. Their efforts were not in vain, many people sold the cryptocurrency at the lowest price.

[Sadnu]

Not so fast before bitcoin price sometimes rises and sometimes decreases. Bitcoin dropped more than 19 percent to a low of $10,969.15 on Tuesday, its lowest since early December, according to CoinDesk. CoinDesk's bitcoin price index tracks prices from cryptocurrency exchanges Bitstamp, Coinbase, itBit and Bitfinex.

[hilda483]

Not so fast before bitcoin price sometimes rises and sometimes decreases. Bitcoin dropped more than 19 percent to a low of $10,969.15 on Tuesday, its lowest since early December, according to CoinDesk. CoinDesk's bitcoin price index tracks prices from cryptocurrency exchanges Bitstamp, Coinbase, itBit and Bitfinex.

There will be a time when Bitcoin will win more ground compared with the 30% that it has now.

[pushups44]

It's called a correction. Markets cannot go up forever, or else there would be no value to them as there would be hyperinflation. The markets overshoot up and down continually, and we are in a temporary bear market.

[copoyes]

according to me the possibility of why down because the month last month rose so for this month
down in the sense of time to buy because if the price goes up then would be hard to buy
in clay from high prices is very vulnerable if dropped , that's what I think why bitcoin prices go down
when it comes down on buy for supply and when a new ride is on sale

[Rodge182]

It's called a correction. Markets cannot go up forever, or else there would be no value to them as there would be hyperinflation. The markets overshoot up and down continually, and we are in a temporary bear market.

I think the bear market is now finished. Almost all of the top coins are in green and Bitcoin had risen to 10% I wish bitcoin will make another bullish run.