Why BTC is under $7K?

[oli123]

Bitcoin has been in the downtrend for a long time. Although today he jumped over the $ 6k border. I think investors have responded to negative news from exchanges.
The following factors could be the reason that bitcoin is under $ 7k and and fell further down:  hack Exchange Coinrail, hack Exchange Bithumb and Japanese restrictions and Bitflyer stopped registering new accounts.
I would like it to be the bottom from which the bitcoin will bounce and it will finally be uptrend.

[1713511915]

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[GoldenLad]

Anything can cause the price dump, lately, i guess it's cause a lot of investors are losing hope and dumping their cryptocurrencies because of the price of botcoin going down it inexpected price dump. Or it could even be the wrong misleaded information in the media. Because are one of the top influencer of price of bitcoin as a result of unverified news.

[wildflower18]

Many issues aee happening now that causes price falling down. Hacking issues that price drops, panic selling users, also no good news lately. Uncertainty price for bitcoin when to increase again no one knows. So wait again when it will increase.

[Reatim]

Many issues aee happening now that causes price falling down. Hacking issues that price drops, panic selling users, also no good news lately. Uncertainty price for bitcoin when to increase again no one knows. So wait again when it will increase.

Yes, any negative news will surely put a lot of doubts in the market that's why panic sell happens resulting in the price going down. Right now its just above $6K and yesterday is went below I think. So its going to be a long year for everyone here. But I still clinging to the fact that in 2017 bitcoin is less than $1K and we are in $6K right now so its still one of the best investment as far as I know. No need to panic here because bitcoin has proven that it can bounce back anytime and can go even further.

[jadenunderhill]

There is no FUD, no bad news, no manipulation. The real thing is: no big investeres are going to buy. Because no one believe in bitcoin. What is bitcoin? It is not a currency (real adoptiong is decrising. Who use it right now? Private speculators, drugdillers and cryptogeeks), not an investment tool (too volatie). Big investors is going out. I'm sory to say that, but we are in the lack of trust. The whales will now use only futures of CBOE or other Wallstreet instruments.  So, we will go right down.

[airdagon]

Nobody knows exactly the right answer for it it’s complicated

not no one knows, but you are lazy to find out what's going on with the market today, man. everyone knows, that what happens nowadays is because the whales continue to press and wait for bitcoin prices to fall further. they do it in order to buy bitcoin with a very large scale. now call it a day thinking about things that smell negative, because the end of the year prices will rebound high again.

[kabum21]

I think an overlooked situation is a Mt. Gox trustee is positioning to liquidate 8,200 Bitcoins to pay off previous investors from the 2014 hack that bankrupted the world’s largest Bitcoin exchange at the time.

While seeing such a large amount of BTC moving has alarmed crypto investors, besides having a physiological effect, this move should not have any major impact on the value of Bitcoin in the long-term.

[ngacengan]

the current bitcoin price is falling again and when bitcoin prices rise again to $ 10k it seems to need good news that could trigger a bitcoin price increase, without good news then it seems to be very difficult.

[Jamboo30]

The BTC price is falling and now sitting at 5900k $. The lowest price in 2018 and i think BTC need more time to recover, may be next year is the time of BTC. Not only BTC but also all token in crypto was falled and in the worst condition, please patient, i think it will come back.

[lelahkenabanned]

bitcoin prices are currently down again around $ 5-6k price should you take advantage of moments like this to buy as much as you can.

[bitbollo]

On the market, today i see the BTC price is under $7K? I do not why, do you have any ideas for this? Do you think the price will increase again or it will continue to go down?  I hope on this month the will go uptrend for a long time and will reach over $10K. Thank you for your opinion.

My question today was: why btc is still under $7K?
One years ago it was around $2K ! We have seen a big rally and some news are not good for an higher price.
Also $10K is an enormous value for the btc, since it was traded for the 90% of the time under $1K!

[tokecabe]

many factors that affect the current bitcoin price are among the big players who are trying to monopolize the market so they can get bitcoins at cheap prices.

[aeternus]

On the market, today i see the BTC price is under $7K? I do not why, do you have any ideas for this? Do you think the price will increase again or it will continue to go down?  I hope on this month the will go uptrend for a long time and will reach over $10K. Thank you for your opinion.

This is the main problem of most people, they hope things are going to somehow get better, but they do not really give an explanation of why they believe this to be the case and if you do not see any logical reason why the price could go up in value then the chances are that it wont, this is why I see the market moving in this way for a very long time and we cannot do anything to change that.