Why Bitcoin cointinue its down trend for a long long time this time ?

[anushkasachith888]

I don't know if you actually looked at the prices it's almost a 1500$ rise in the market that to in few days time, earlier it was the fud that had caused the prices to stop but now there is nothing that can stop the bulls from creating havoc and they're already doing it very happy to see this happening. Soon all those who existed are going to be coming back inside and the prices will boom.

Hopefully looking forward to next bull run. I saw one Crypto expert has said, that BTC will hover around 8,000 USD and then Altcoin will start to rise rapidly. I like if it happens so. Lets see,

[anushkasachith888]

Where exactly do you see the downtrend? As i can see from the graph, bitcoin broke the downtrend line some time ago, and are now in uptrend. Infact, now that i'm talking, it is breaking the 8000$ barrier. And try to imagine what will happen when ETF will be approved!

Yeah, I know but I mean there was a long downtrend till now right? I think BTC will stay at 8K for sometimes. then there could be a chance for Altcoins to show their colors again after a long time.

[asayoyaasa]

From my point of view, bitcoin price is still following the market, I mean if I looking for the chart, there is no manipulating on it's price.
I have posted that if bitcoin can break $7.8k, this will be up trend for bitcoin. So if you have altcoins right now, this will be red day for them.

[perova93]

there is no eternal growth, and there is no eternal fall! in 2018 bitcoin showed very rapid and rapid growth! after such growth bitcoin went into a big correction! I think that soon everything will change and bitcoin will again beat world price records!

[liyoungjae]

we all expect the bitcoin to be more stable so as not to disrupt the waves. if bitcoin can be stable with a certain range then it is easier for bitcoin to be the world currency.

[liripoop]

BTC will never reach the exponential growth as it experienced last couple of years. But now the price is in the rise after the declaration of US involvement. Still market is stragling a bit due to insufficient data and stuff...

[francesyrus]

last year winner for who have sold btc in december to january 2017 is coming back and make new investment for bitcoin, my predict next august before 10th the price is more than 10k $

For those who buy when bitcoin is more than 10k$ do you think they loss a lot? Hoping your prediction would come true and also alts will go up too.

We all see that bitcoin is rising now but still reds for most altcoins hoping all cryptos to have a bull run not just a fake pump.....

[WaffleMaster]

I'm wondering how long your time frame is because this is actually extremely typical market behavior for the middle of the year. Are you just taking the outlier year yesterday as the new market standard? That simply isn't true because most of the time Bitcoin stays flat for many months on end trading within a channel.

[MadisonWood1212]

But also after the value of each bitcoin has fallen by nearly $ 12,000 per coin (a record reduction so far). During the past 12 months, Bitcoin has experienced 3 deep cuts. As seen in the one day chart of the BTC, all three correction sessions rebounded above the $ 6,600 support level. After dropping from $ 20,000 to $ 6,000, Bitcoin rebounded to $ 12,000 after receiving $ 6,600 support.

[previously123]

Maybe it is preparing for something surprising in the future  just wait

[erickkyut]

We already know, not like previous years, This year bitcoin price didn't follow its normal market cycle. Crypto market is still not looking. What really happened to the crypto market this time?  Fiat money doesn't come to the Crypto market as expected? Why it happens so? what are the real reasons behind this situation?
At last time market pump, some people made good profits. We can see they enjoying their profit by traveling around the world and all. I think when they are done with their money They will come back to Crypto seeking profit again? So As you think, Is their arrival is a must for Bitcoin price goes up again?

The reason why the price of cryptocurrencies drop a few months ago is because the government is now taking actions and trying to penetrate the crypto industry. They can't beat it so they decided to join it. We now have a brighter future ahead of us because many companies appreciate the importance and benefits of blockchain.

As for the investors who are traveling around the world, let them do what they wanted to do with their money. It is theirs and not ours so why bother?! Also, I think even though they are travelling, they are still investing in crypto because you can access it anytime and anywhere as long as you have internet connection and a device to log in your account.

[Wonderced]

because many people using that and for sure bitcoin price will rise down and people using that will have a small price income. maybe for the future will bitcoin continue to participate for people.

[Red-Apple]

The reason why the price of cryptocurrencies drop a few months ago is because the government is now taking actions and trying to penetrate the crypto industry. They can't beat it so they decided to join it. We now have a brighter future ahead of us because many companies appreciate the importance and benefits of blockchain.

i disagree. because they have always been doing that so  price should have always been going down but you can see that is clearly not the case here. what happened was that for a short time we needed a correction in the market after going into the bubble at $20k. then like always because bitcoin market is small and mostly is filled with newbies the drop ended up becoming long and big.
and you can see now it is all over and we are going back to real prices.

[ys fs]

I am worried now that bitcoin is getting down, and I start thinking bad things about it all, because this will involve the worsening popularity of bitcoin...

[Aikidoka]

This is what I thought of too. People now are enjoying their vacations. So either they sold their bitcoins or they are enjoying with the profits they gained, thus they are being away from bitcoin at the moment. I believe the price will start to go up in October. No need to panic about the price. As you can see, it has grown up to $8k. Therefore, patience would be appreciated.

[Horraygram]

I think Wall street price manipulation is the reason behind it as they want to be richer. I don’t know the arrival of the previous profit maker is important or not but other should come as cryptocurrency is not familiar to most of the people.

[nick_nick]

We already know, not like previous years, This year bitcoin price didn't follow its normal market cycle. Crypto market is still not looking. What really happened to the crypto market this time?  Fiat money doesn't come to the Crypto market as expected? Why it happens so? what are the real reasons behind this situation?
At last time market pump, some people made good profits. We can see they enjoying their profit by traveling around the world and all. I think when they are done with their money They will come back to Crypto seeking profit again? So As you think, Is their arrival is a must for Bitcoin price goes up again?

I don’t think its only bitcoins that is coming down and down when you critically check the coinmarketcap; all other altcoins are also going down. Partly due to huge sales of btc by investors and partly also accrue to the fact that some altcoins are doing great in the market which has also attracted the attention of investors; especially those seeking to recoup their investment within the shortest possible time

[jmvzlfyg]

All markets are the same, the price is determined by the supply and demand relationship, and there is certainly a bubble in the current market, but the price of bitcoin is close to the cost of mining, so we can judge that the trend in the next few months may be a slow rise.

[witchman]

"Sell in May and go away"...

[Kprawn]

We already know, not like previous years, This year bitcoin price didn't follow its normal market cycle. Crypto market is still not looking. What really happened to the crypto market this time?  Fiat money doesn't come to the Crypto market as expected? Why it happens so? what are the real reasons behind this situation?
At last time market pump, some people made good profits. We can see they enjoying their profit by traveling around the world and all. I think when they are done with their money They will come back to Crypto seeking profit again? So As you think, Is their arrival is a must for Bitcoin price goes up again?

This is where you are making the mistake --> "normal market cycle" There is nothing like a "normal market cycle" with

 Bitcoin. You do not get one year that are exactly the same as the year before. There are some huge expectations from people

 that think that there should be some kind of repeating cycle and that is total bullshit. Bitcoin's price is purely based on

supply and demand and every year has it's own challenges.