Why BTC is under $8K?

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Bitcoin prices are currently falling and stable below the price of $ 8k because in my opinion the price of bitcoin is influenced by the existence of very high demand and also influenced by the news in some media that talk about the badness and superiority of bitcoin.

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[Tapyaks72]

Bitcoin prices are currently falling and stable below the price of $ 8k because in my opinion the price of bitcoin is influenced by the existence of very high demand and also influenced by the news in some media that talk about the badness and superiority of bitcoin.

The supply and demand is usually the cause of price deepening but as to what causes to abundant supply has many factors, of it is the trust of the investors, because of security breach the are lots of scamming happening, governments policies against crypto currency and the economic situation. All these factors may affect the prices depreciation.

[arpon11]

Now BTC is under $8K, do you have any opinions about this issue?
We think BTC will go uptrend to reach over $10K but it can be now.

There were serial of events that happened before we are seeing the current bearish situation.  Bitcoin has made a significant growth last year and the current popularity is having now was due to the bull of last year.  However,  it must made corrections as bitcoin cannot continue going up and likewise continuously going down.  We have to see the current market conditions as an opportunity to buy and sell maybe somewhere in 2020 or 2025.

[Kiweikoo]

Now BTC is under $8K, do you have any opinions about this issue?
We think BTC will go uptrend to reach over $10K but it can be now.

The only answer is that the big whales want it this way! I have high hopes for next year though, price manipulation is the real thing!

It is quite possible that big payers are cashing out early and making profits. they would be buying in 6k range and when it reaches a certain level they would be cashing out rather than holding it for long term which previously it could have happen. Due to which price is not rising easily above 8k.

They are always trying to do it and most of the times they achieved their targets. Whenever things are not getting smooth in market, there must be a game behind the bars and under the table. This game can be on individual basis but mostly it is a collected effort to sabotage the highness of market. They start invading in the pole mind and compelling them to sell by making panic in market.

[piebeyb]

Now BTC is under $8K, do you have any opinions about this issue?
We think BTC will go uptrend to reach over $10K but it can be now.

maybe you need to visit my thread here

I'm not a good expert and trader, but I don't think bitcoin will go to the moon this year, even though there are increases that won't last long, I don't want to talk much, hopefully it helps you

[boty]

Bitcoin prices are currently under $ 8k because maybe there is no good news that might trigger a rise in bitcoin prices and trigger investors to buy bitcoin, so just wait until the end of the year prices will usually be very expensive when there is good news.

[gabmen]

Now BTC is under $8K, do you have any opinions about this issue?
We think BTC will go uptrend to reach over $10K but it can be now.

maybe you need to visit my thread here

I'm not a good expert and trader, but I don't think bitcoin will go to the moon this year, even though there are increases that won't last long, I don't want to talk much, hopefully it helps you

Well i doubt that there are many people who still expects a btc mooning this year. All signs  point to quite a stagnant price until the year end. Though a mini run may happen just to keep that last quarter trend still. As the year end comes closer, it seems unlikely that we're even going to touch 10k.

[piebeyb]

Now BTC is under $8K, do you have any opinions about this issue?
We think BTC will go uptrend to reach over $10K but it can be now.

maybe you need to visit my thread here

I'm not a good expert and trader, but I don't think bitcoin will go to the moon this year, even though there are increases that won't last long, I don't want to talk much, hopefully it helps you

Well i doubt that there are many people who still expects a btc mooning this year. All signs  point to quite a stagnant price until the year end. Though a mini run may happen just to keep that last quarter trend still. As the year end comes closer, it seems unlikely that we're even going to touch 10k.

everyone is waiting for the right time to buy so no more people lose their money after the bitcoin price has fallen sharply in 1 year, so I don't think it will touch $ 10k

[Ridwan Fauzi]

The only answer is that the big whales want it this way! I have high hopes for next year though, price manipulation is the real thing!

It is quite possible that big payers are cashing out early and making profits. they would be buying in 6k range and when it reaches a certain level they would be cashing out rather than holding it for long term which previously it could have happen. Due to which price is not rising easily above 8k.

I'm not sure whales are the main factor that made bitcoin having price less than $ 8000, this is a market condition related to regulations that reject the use of bitcoin. Continuous price reductions will make some investors sell bitcoins that they have, and that spreads to other investors, so they make the same decision to sell bitcoin even though they are in a loss. Indeed, whales does have control to make bitcoin prices rise and fall, but they will decide to sell and buy depending on the information that comes with cryptocurrency.

[iMark]

Now BTC is under $8K, do you have any opinions about this issue?
We think BTC will go uptrend to reach over $10K but it can be now.

The only answer is that the big whales want it this way! I have high hopes for next year though, price manipulation is the real thing!

Nope! many people speculate that prices are fully manipulated by whales, but not like that. prices on the market are driven by each individual user. there are tens of millions of users in bitcoin and marketcaps reach hundreds of millions of dollars, it is impossible for prices to be driven by whales only. low prices now because of many things one of them we are still hesitant to buy again

[roosbit]

Now BTC is under $8K, do you have any opinions about this issue?

Many new comers are disappointed that they are not seeing $20k but with a small and steady growth this is more of what regulators want if we need their support and that's how it should be run, not pump and dump always which make btc look shitty

We think BTC will go uptrend to reach over $10K but it can be now.

Crypto support is there, and any body trying to use other altcoins will still come to learn of btc, so now is a waiting game, 10k is on its way.

[abanansah]

It is the equilibrium price traders are willing to sell and buy at. The price of bitcoins is base on demand and supply and the value of the price of bitcoins seen by many traders are the determinant of how it should be bought and sold.

[sumanto]

Bitcoin prices currently cost less than $8k maybe because there is no good news that can make investors buy bitcoin, usually when there is good news, prices will rise again, so just wait until the end of this year and hope for bitcoin price increases.

[RadekG]

Do you really believe that all this is happening because of the news? It’s obvious that all this year some very large players (it will be new whales) making their financial capital in bitcoin bigger. And this correction made for them to buy for a cheap price.

[bitcoin31]

Price of the bitcoin is getting more cheaper when you started this topic. I hope the price of the bitcoin will become 8k dollars and I hope  it will become  more than 20k dollars again what bitcoin hit the highest price. I think why the price of the bitcoin decrease more because of the panic selling.