What is happening to Bitcoin?

[dewildance]

Today we have saw 2 type Bitcoin movements! Firstly Bitcoin price has fallen with quickly to 6100$. And then everything is changed and jump to 6500$ with speed. What is going on with BTC?

[Legendari]

I think these are normal market fluctuations. Maybe there was some big news we missed.

[ryan1918]

people with alot of money or alot in bitcoins sell, make it drop,

[abant]

i saw that movement. it would we good to listen to someone  who have any idea to clarify this. which exchanges pulled the price up and down

[Baofeng]

Today we have saw 2 type Bitcoin movements! Firstly Bitcoin price has fallen with quickly to 6100$. And then everything is changed and jump to 6500$ with speed. What is going on with BTC?

That's why you call price fluctuations. I'm sure that this is not the first time that we have witnessed this trend, Also if you go around the forum, there is this theory that investors won't let bitcoin go below $6K because its like the cost for miners to continue do their thing. If he price goes below, there's no more incentive for them to mine. Or perhaps someone is setting a bull trap again, especially for noobs and casuals traders out there so be careful. I'm not totally sold of bitcoin getting into a bull run zone.

[Docnaster]

Probably price manipulation on Bitfinex again, it is super suspicious how BFX always seems to be the first to move when this type of thing happens, probably whales messing with us mere fish again

[Gloverwrt]

$300 - $400 is about a 4% growth in the value of bitcoin. And such fluctuations are normal in cryptocurrency.
We have seen sharper drops and rises in lesser time.
Bitcoin as a currency is less subsceptible to manipulations. Unlike some lower coins with little volume.

[coinycoiny]

Well the price looked like it was going to fall to 5K so someone(or more likely a group) decided to manipulate the market to make it look like the price might be going the other way.

Mid term you'd have to bet on it going down.
Short term you might as will toss a coin.
Very long term put your money in tulips

[aoluain]

These are just minor market reactions to trading. I say minor because there
have been bigger movements as we all know.

Its strange for the OP to ask this question, a quick view of the bitcoin charts
would reveal all sorts of movements.

[larrylegend33]

You are right the bitcoin price changing everyday so fast. But if you take closer look the Bitcoin stayed strong in this summer holiday while all the altcoins loose. So if you believe in cryptocurrency you have to trust in Bitcoin. But remember every business has their own risks and cryptocurrency too..

[colork]

nothing happened to him. it's normal that the crypto currency falls and rises

[pitiflin]

Today we have saw 2 type Bitcoin movements! Firstly Bitcoin price has fallen with quickly to 6100$. And then everything is changed and jump to 6500$ with speed. What is going on with BTC?

This ain't a big change. Calm down! Its just a price rise by 400$ which is pretty common and people should be knowing that by now. What else does the term "volatility" mean then?

The change probably is due to some movements from one cryptocoin market to another, or a minimalistic dump.

[tomahawk9]

Probably price manipulation on Bitfinex again

This guy gets it. Blatant manipulation in the prices is all we've experiencing over the past few weeks. It seems like today there was a big battle and bulls came out as the winners as the price quickly went about $300 and it's currently sitting at 6450 at the moment of this post.

I wouldn't be so worried about such swings in the price, as long we don't go below the support levels, we should be fine before the next pump (it may or may not occur) before the hype for the Bitcoin ETF starts towards the end of the month. All in all, such movements happen almost on a daily basis, nothing new to discuss.

[ayodeji01]

This is as a result of fluctuations in the market which are normal... Hopefully it will change for the best

[sunsilk]

Nothing unusual or a mystery. What can we expect if it came from the bottom? it will increase normally and fluctuations are essentials for bitcoin so if you're surprised with this movement then you'll be more surprised if the market jumps high again.

This is as a result of fluctuations in the market which are normal... Hopefully it will change for the best

It won't change, fluctuations will have its normal state. What we need is this should keep going positively.

[louie69]

In my views,  btc has been steady at this level (6.2k-6.5k) and most likely it's correction may still  be extended for several weeks from now.  I believe that sooner or later,  btc will make a rally within the year surpassing the existing market value.  Moreover,  people should hold still and wait btc to spike up again where I think it's worth for the wait.

[wyplashdea]

Imagine that the value of something depends on the mayority owner of that thing, the wealthness of BTC is concentrated in few owners...its hard to tell and hard to know why BTC its so unpredictable

[Temujhin]

Today we have saw 2 type Bitcoin movements! Firstly Bitcoin price has fallen with quickly to 6100$. And then everything is changed and jump to 6500$ with speed. What is going on with BTC?

I think it's normal in the decline and a little is happening right now, because it's still in the process of manipulating the big whales, so don't worry about price changes like that, just keep holding it, and follow the market's flow, there will be an increase strong

[vv181]

Nothing, it just a normal market cycle. Those kinds of volatility are normal in the cryptocurrencies space. I don't think there is something to worry about. It just probably means bitcoin hold those support position, nothing else.

[Jannn]

Changing around 5% within an hour or two is nothing out of the ordinary when it comes to cryptocurrencies, volatility is pretty much part of the package and should be expected. When you start seeing significant drops very quickly (over 15% or so), then you might want to ask questions about wtf is happening.