What is happening to Bitcoin?

[KenChanYu]

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.

 Exactly mate, market volatility is particularly transpire on crypto world. We must be aware in this scenario that may contour our emotions on evading panic selling. All we have to do is to hold our coins even it take more long years and the assurances for us on holding is the great maddive profits. And I will assure who trust bitcoin progression is that bitcoin will always stand as king of all currencies and strongly stand its position.

[BitcoinOddsChecker]

Totally normal for Bitcoin's price to have a $300-400 swing in a day. That's volatility for you. More than that, you can use the erratic price movements to your advantage and make a few hundred in a matter of hours.

[xcajun21]

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.

It was a bit out of ordinary because shorts went sky high around the time bitcoin fell below 6218 area. Of course traders who shorted waited for this area. What is interesting though, what pushed the price back up? Because shorts were pushed away after the incident?

[Renal]

Market price movements are now made into chaos so that those who hold bitcoin are panicking there are those who use this opportunity by investing there are also some people or investors trying to sell assets they have because they fear that bitcoin will fall more than $ 6500 if we believe in bitcoin then we already know the risk we take is like a price that is not so stable.

[shendy]

The current situation does make us often frightened and frantic, the bear's game seems thrilling. Think positively to keep holding and waiting for a good chance to be taken.
Monitoring the market situation does have to be done in order to get that good opportunity.

[Choyor]

There may be some big news that we miss that could affect the Bitcoin market today. I think this is a normal market fluctuation where prices will decline when people sell their coins so there is a lot of coins in the market.

[abhi777]

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.

bitcoin is experiencing a drastic decline in market prices. but it's natural that is called business. because bitcoin is also flucfuative. which can go up and down quickly.

[adamlillian]

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?

It's just a whale's adjustment. You should not be so worried about Bitcoin's fluctuations. That is very normal in this market. If you are still investing in Bitcoin, the sincere advice is to hold on to the long term. Blockchain technology will soon be widely used throughout the world.

[mangsitin]

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.

Yes, that is true, in my opinion, the price movement of Bitcoin depends on the ongoing trade by traders in the Bitcoin market, so prices move down and up. if the current case is why Bitcoin is so fast going down and then returning quickly? that's because I say it's normal. so there's no need to worry about such circumstances.

[tungaqhd]

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 is very normal to bitcoin and other cryptocurrency, that is a simple rule of the market when 'sharks' start buying or selling. They make people panic and sell bitcoin with cheap price and buy it, then sell at higher price.

[Darz299]

Bitcoin prices change every day very quickly. but if you look closely and carefully, Bitcoin stays strong. So if you believe in cryptocurrency you also have to believe in Bitcoin. But keep in mind every business has risks and cryptocurrency and also bitcoin have risks.

[Royal Jelly]

I think the surge in bitcoin is because there is news from British countries that legalize bitcoin immediately.
The impact is good for the development of the next bitcoin, the market will gradually improve and get a place in developed countries.

[bce]

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?

anytime and any coin if you are ready with all the risks and have the confidence and patience I think whenever the time is right to buy and start investing with cryptocurrencies

[pooya87]

first of all from $6300 to $6100 then to $6500 is not a big change. it is only a fluctuations of about 3% rise and fall in either direction. and percentage is important not the size so when you look at the numbers try to calculate the percentage.
secondly the bitcoin market is still small as i always say, a medium sum of money can suddenly change the price a lot. sometimes manipulators use this to cause panic. like the dump that you just saw to $6100 but it is not always going to be effective as there is a whole market that can go against them like the jump back ups that we keep seeing.

[Cryptohunt]

I think it's normal for bitcoin to run from $ 6100 to $ 6500 in a few hours, because there are many factors that occur from the price hike, one of which is traders who always make a price for profit and investors who always keep the price so that bitcoin isn't too slumped and the miners who really did not want bitcoin fell free from their basic prices and calculations.

[ice18]

We can see this kind of scenarios until etf decision is made in the last day of this month some are accumulating good amounts of bitcoin by manipulating this markets its all about money once etf has been decided approved or failed, market will surely response either up or new downs.     

[indopool]

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?

It's only a price increase of 400 $ that is quite common for fluctuations in Bitcoin prices, but the movement is so fast, But if you look closely, Bitcoin increases so strongly unlike Altcoin. So if you believe in cryptocurrency you must believe in Bitcoin. But remember every investment has a risk.

[STT]

Those two price points are the same boundaries in play for a while and previously also to the last spike it was in the this range anyway.   All that happened to today was a sharper movement within a smaller time but still within normal range.

I think it related partly to news of a centralised exchange in Japan being compromised and then some kind of interaction with shorts and these shorts got closed out by buyers at support.  Overall the range is quite strict.

Here is a chart of volatility for BTC longer term:  


So according to this BTC now September 2018 is as quiet as before Summer 2017

[tepakpak]

This proves that bitcoin volatility is high, there are large investors that make prices rise so fast and even a large decline occurs. This is a natural thing in the market.

[fulmetal08larz]

In my opinion, what's going on with BTC market is totally proving the unpredictability of its movement. The volatility will always stay as long as there's no regulations. Those people questioning these type of fluctuations are probably new to cryptosphere. Learn from it and you should study the indicators well such as volume, MACD, RSI, etc.