Current BTC price below 8K

[lauder_larger]

That's been the price of bitcoin almost the entire year now but looking back at the graph on how its market cap and price responded each year, it will always give you a reason to keep on believing that bitcoin will really rise again. Since we are already in the final quarter of the year, i believe that we can see a bullish market once again.

Bitcoin price is below $8k for several months and I think it will remain below till the end of the year. There is no positive sign in the market for growth in the price. Now people hope that the next year will be good form the current year. I think differently and for me time is not concerned, all is about the investment capital and the belief in bitcoin.

[1714962207]

1714962207

[Altcoins enthusiast]

Why bitcoin price keeps going down these days? Is it just the ETF rejection of Vinklevoss twins?

There are many things that has happened to the market and those things has impacted the market negatively for a very long time.  Investments into cryptocurrencies at this time that the price is low is the right thing to do.  I don't think we should look at the current price as disadvantages but as an opportunity to buy low.

[KrishaBitcoin]

Why bitcoin price keeps going down these days? Is it just the ETF rejection of Vinklevoss twins?

Its keep average going down because the bearish market is still in effect that most of the experts said that we are still in the middle of it and ETF has nothing to do with this but hopefully the price will bounce back soon as we are already in the 4th Quarter of this year in which most of the famous experts believed  that a bull run will happen before next year so lets wait and see.

[yonjitsu]

Even if bitcoin's market price is below 8,000$ for a couple of months now, at least, it stayed in the 6,000$ mark. But once it will break the 7,000$ mark anytime soon, then it is also possible that it will continue to rise and break some high price marks. I was even surprised today that bitcoin almost hits 7,000$ in just several hours.

[btc78]

A second ETF application was rejected further and the market reacted more to it than the first...

BEcause many of people around crypo community are relying on that ETF thats why when denial happens,market shakes alot

Why not concentrate in the market value and not for this ETF that’s impossible to happen,theres no assurance and may not happen forever

[Stolivie]

Sadly, the price of Bitcoin has now fallen below $6300, which is a very bad phenomenon, which means that many people are starting to give up Bitcoin!

Surprisingly, but lately Bitcoin price become stable around 6550$ and it's been almost a week now. That's why it's a good sign and the price will start after some time slowly rise.

I think prices have stabilized at $6500 from a few weeks ago, not in this one week period but whatever that, prices have not experienced a deep falling in the past few weeks, which is bearish is over? I think so. and I hope that the slowly rise will occur in this end of the year

Yeah you are right this is very dangerous situation for bitcoin investors. The reason I think is that investment cap is reducing day by day and people are dishearten from their investment in bitcoin and now they are looking towards Altcoin. Due to low demand for bitcoin the price is going down and down. it need more investors to recover its position in the market.

[Johnzky]

Why bitcoin price keeps going down these days? Is it just the ETF rejection of Vinklevoss twins?

Why ETF has been always blamed by the prices dipping?i think if there’s someone who must blame ,this is those people whoes keep on trusting ETP wioud be accepted.and not doing what is right to keep profiteering even market is drowning.if we will only continue buying and selling cryptocurrency for sure market won’t down this hard

[shanghai]

Do not be disappointed and turn your back on Bitcoin. In my opinion it will return for $ 12,000 at the end of this month. With Bitcoin capitalization going up, this is the basis for the upcoming Bitcoin revival.

[altercreed]

I have nothing to worry about bitcoin's market price status whether it's going up or down simply because i have kept my bitcoin for a couple of months now and save it like making a time deposit in the bank.

[Rune]

its hard for bitcoin to stay above 8000 with so much doubt about tether so much of BTCs volume is in it if it goes down it is taking a huge chunk out of bitcoin with it.

[niublity]

The decline in cryptocurrencies is always accompanied by many reasons, such as panic selling, negative news, etc. Bitcoin is no exception!

[ethereumhunter]

The price now is on $64xx, but it's possible to increase more and maybe we are going to break $65xx of the price. It still hard to reach $8k this month and perhaps, it will happen in the next month when there is much good news for bitcoin. The good news will support bitcoin to increase higher and sometimes, the response of people will increase too, and it will give impact to the buy and sell order. So, we need to see what will happen in this week and if the price can stay at the price now, then the chance to increase will bigger.

[Bezobraznike]

   Glass can be half empty, or half full. Price is still over $6000, that`s a good sign for all of us, very high bottom. My investment with Bitcoins more than
doubled in first year. If every year is like my last year here I will be very rich person in 10 years.
   Current price is good. It`s very high and it`s very strong position. After months on this price I can say that as some fact. It`s hard for Bitcoin to pass
$8000 for some time. When start to rise it will pass much more than that. I wait that, this tiny everyday drops don`t bother me, I have my own vision.

[ThKevin]

Why bitcoin price keeps going down these days? Is it just the ETF rejection of Vinklevoss twins?

Its keep average going down because the bearish market is still in effect that most of the experts said that we are still in the middle of it and ETF has nothing to do with this but hopefully the price will bounce back soon as we are already in the 4th Quarter of this year in which most of the famous experts believed  that a bull run will happen before next year so lets wait and see.

Yeah it is below $8k and will remain below because there is no investment in bitcoin and most of the investors now prefer Altcoin instead of bitcoin. The choice is there and to some extent they are right because bitcoin is giving nothing rather some people assume bitcoin a bubble that will burst in the near future while having no more funding from the people.

[Ganbound]

Surprisingly, but lately Bitcoin price become stable around 6550$ and it's been almost a week now. That's why it's a good sign and the price will start after some time slowly rise.

Its broken out of a triangle down to support and then is rising from that support.  I'm told 6600 is a good target for that bounce but overall I wanted a break upwards not this reset and rewind which overall is not gaining anything overall.   Here is a chart showing that support line -

It will remain below $8k because there are no more high investments and when there are low demands from the people all over the world the price will never go up. It needs more and more investment then the price will go up. Therefore we all need to promote bitcoin in our local communities and also on different media platforms to increase the value of it instead of just asking questions.

[wxa7115]

A second ETF application was rejected further and the market reacted more to it than the first...

BEcause many of people around crypo community are relying on that ETF thats why when denial happens,market shakes alot

Why not concentrate in the market value and not for this ETF that’s impossible to happen,theres no assurance and may not happen forever

People do that because they want the price of bitcoin to go up as fast as possible, but to me that is a mistake I prefer that the price of bitcoin goes up because there is a new breakthrough in the technology instead of going up because there is a new law that regulates the market and people see this is a good thing, some may think that growth is growth no matter how we got it but the problem with that kind of growth is that countries could always reverse that decision and then the market will crash.

But if the price happens to go up because there is a breakthrough and bitcoin is improved then that growth is never going to disappear and it will never be reversed by any decision of the governments around the world.

[omonuyak]

Why bitcoin price keeps going down these days? Is it just the ETF rejection of Vinklevoss twins?

The issues of ETF has been the reason since 2017 why bitcoin get dumped time to time.  I believe this ETF will be achieved one day and the price is going to get pump accordingly. Bitcoin 's price below $8,000 is not a mush problem for traders especially those that are taking advantage of the current bearish market in other to buy bitcoin at cheap price.  I believe also that bitcoin below $8,000 is a preparations for bull run.

[Klausi]

A second ETF application was rejected further and the market reacted more to it than the first...

BEcause many of people around crypo community are relying on that ETF thats why when denial happens,market shakes alot

Why not concentrate in the market value and not for this ETF that’s impossible to happen,theres no assurance and may not happen forever

People do that because they want the price of bitcoin to go up as fast as possible, but to me that is a mistake I prefer that the price of bitcoin goes up because there is a new breakthrough in the technology instead of going up because there is a new law that regulates the market and people see this is a good thing, some may think that growth is growth no matter how we got it but the problem with that kind of growth is that countries could always reverse that decision and then the market will crash.

But if the price happens to go up because there is a breakthrough and bitcoin is improved then that growth is never going to disappear and it will never be reversed by any decision of the governments around the world.

All possibilities should be considered right now, because as bitcoin built its momentum while administered a much better community we tend to become more mature enough to analyzed a good price to show up. Never give up while the price played around $6.4K and someday you might be shocked we will surpass every challenges which we didn't expect to happen. So far the market remained neutral, minimal fluctuations stayed fair as for my observations.

[Hiltohen]

Even if bitcoin's market price is below 8,000$ for a couple of months now, at least, it stayed in the 6,000$ mark. But once it will break the 7,000$ mark anytime soon, then it is also possible that it will continue to rise and break some high price marks. I was even surprised today that bitcoin almost hits 7,000$ in just several hours.

Price depends upon demand and investment capital. If more and more people invest their money in bitcoin the price will go up otherwise it will definitely fall. In these days the market is red because of no demand for bitcoin or very demand. It is not enough for growth in the price. But I am sure gradually people will be back to bitcoin and the price will rise again.

[Fideend]

The market is really sensitive to these ETF news now, so the current price moves shouldn't be surprising. The media have convinced noobs that we'll have a new bull run this year fueled by ETF approval, so speculators are selling every time an ETF gets rejected. I'm going to trade with small amounts just for fun and to test my skills, so far I've sold a bit at $8,300 and planning to rebuy at below $7,000.

So, plan short-term profit trading could be safe option for now, isn't. With price now below $8k, many people should be ready to take buy position before price bounce back, ETH affect always being media consumption that makes market react fast.

you mean ETF not ETH!
and i don't know there is still a chance that by the deadline of this hyped up ETF we see a drop and up until that point we may see a lot of different things inclucing a big rise.
if you aren't already in then maybe it is best to wait because this is one of those times when market is mostly unpredictable.

LOL

We should not only depend on ETFs because we don't know exactly the intentions of the people behind them.

Right, waiting is better than selling. But by buying, it might be even better if combined with waiting, because this strategy is an absolute strategy which can increase the growth of bitcoin prices.

I don’t think that ETF will benefit the price of bitcoin. Anyway it is clear that we should focus on the price of bitcoin and not the approval of ETH. If we convince more and more people to put their money in bitcoin the investment capital will increase and thus the price will also increase instead of waiting for ETH to be approved. If ETH is disapproved then what?