There isn't always a clear reason why BTC went up or down

[Duzter]

Each and every price move with bitcoin has got some reason behind, but it isn't easy to find the exact reason behind the fall or uptrend in the price of bitcoin. Even the experts find it hard to predict what exactly is the factor behind the market crash or boom. Most of the time whales were termed as the sole reason for all that happening in the market, but there is more other factors that make the change because in my opinion bitcoin is independent and can be manipulative by whales to some level.

[Tagus45]

Bitcoin goes up and down depending on demand and supply, if there is adoption, the price of bitcoin will go up and vice versa with a lot of sales, the price of bitcoin will drop.

[palle11]

Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why,

This I think can be one good reason for a drop or rise in bitcoin price because either it will create fear or anxiety in the market.

bots will follow and so on.

I don't see how bots can be added as a possible factor to influence the market except you mean they will instantly be triggered and follow the whale's order.

[Bardman]

actually there always is a reason for any rise of all it is just that we can't find that reason in half the times when the rise of fall is happening and usually we figure it out a while after.

Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.

not every time. it will depend on when and how they sell large amounts. for example if they sell it all in one exchange, nothing will change. if they spread it among exchanges then the amount may not be enough to make a difference but there is a better change.
and most importantly is the timing. for example when people weren't sure about the direction and many were feeding them FUD about how price is going to $1000, such sells crashed the market about 50% from $6000 but if the same thing happened today it won't even cause a 5% drop let alone 50% because the market is on the move and such sells would be against the direction and will be eaten by the market like a piece of cake.

Of course not every time but considering how 80% of the volume is fake its safe to assume that someone who is rich enough could move the market even if he doesnt want to. Clearly sometimes the price moves according to news or upcoming events but sometimes it also moves simply because of TA indicators or coincidences.

[MakeMoneyBtc]

Do we need a reason for bitcoin to go up? I think we should all be glad that bitcoin price is going up meaning something good is happening with it. I don't think we can talk about whales manipulating it because the price has been going only up since March or so and it looks like it will continue this path for some more time.

[7788bitcoin]

Do we need a reason for bitcoin to go up? I think we should all be glad that bitcoin price is going up meaning something good is happening with it. I don't think we can talk about whales manipulating it because the price has been going only up since March or so and it looks like it will continue this path for some more time.

If you are a trader, you need to understand the reason why the market is moving in either direction to take advantage of the market situation, the whales could manipulate the market, let us assume that a huge amount of coins are moved and if that happens people will come to a conclusion that someone is planning to dump the coins in the market which will take the price down and if that happens panics kicks in and the market starts going down.

[carrigan]

It may because of the characteristic of Bitcoin, it is volatile, decentralized.
So far, many people hold and trade BTC, moreover as what you said, whales hold the big amount of this and they can play the price of BTC easily. However, now there is a limited price that must be owned by this coin and it is good news. Many people play the price on the market in order to make some panic and to gain bigger profits of course.

[Cuk0ng_bitc0in]

using a bot is not a good idea for trading.  I prefer manual.  we can analyze every BTC price without a bot.  and sell BTC prices at any time.  whales with 1000 BTC strongly control the market.  they can make the market fall drastic.  but i believe.  today is not a good time to sell their assets.

[kissme09]

I see a lot of topics talking about why bitcoin did this or that. Sometimes there are clear indicators as of why but many times it simply happens. Coincidence, trading bots and simple TA can affect the price and create a snowball effect easily.

Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.

Bitcoin prices rise or fall based on demand from investors. As the demand for owning Bitcoin increases, it will boost the market and increase the price of Bitcoin. Conversely, when investors have no desire to invest in Bitcoin will make the market unstable because of reduced liquidity makes Bitcoin prices fall.

[DreamStage]

Sure there is, it is always the demander that sets the new Bitcoin price for the market and everyone else.
If that would not been like that then price would not even move a cent.

When you go into a trading site that is the first thing you will see -> Set your sell and buy prices.
When you buy the next guy will be selling to you and he will set a buy price bigger than yours.

[Kemarit]

Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.

I guess you don't need to imagine as the last recent massive spike last April 2 was due to one big whale who traded long for US$100 million. And it was spread across three exchanges, to have this maximum impact. And we all know what happens next, it triggered the start of a bullish run up to this point.

But I don't think that whales really collude which each other to bring the price up (and down). Those whales really know how to play this game. But the question is how average Joes like you and me will react to this kind of news.

[Koadharber]

All of us knows that bitcoin is volatile but  there are other reason why bitcoin goes up and down,the rise and fall of bitcoin has a reason if there is a huge demand and positive news about Bitcoin it has a big impact of its price increase,and if many investors selling their bitcoin and some people spreading negative news about bitcoin it is a big impact that bitcoin price will fall.

[andieoke]

I personally am not too confused about the reason Bitcoin prices go up or down, because it is very difficult to understand.  I often misinterpret this change in bitcoin prices, because of my mistakes I have lost a lot of my money when trading Bitcoin.  right now, what I'm doing is buying Bitcoin when the price goes down and doesn't sell it before the price rises.  And when I'm stuck buying a Bitcoin at a high price, then I will HOLD Bitcoin until the price rises again even though it is for a long time.  because I'm sure this Bitcoin has a good future, one day the price will definitely go to the moon.

[nydiacaskey01]

Wise point created by the OP the fact remains that at a point the price of bitcoin can be influenced by factors most time unforeseen by many like you correctly stated the example about the whales and there activities.
So I have been longing to ask this question at to regards the OP post. Those this mean that bull market and bearish market are just figments of our own imagination since at any point the price can fluctuate

Not eally a figment of our own imagination, bull market and bearish market. There is a reason why all of a sudden it becomes a bull market, something has to trigger it, regardless if its a whale who bought a lot of BTC or a whale sold BTC and others followed. Something has to trigger it for the market to follow.

[Bardman]

Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.

I guess you don't need to imagine as the last recent massive spike last April 2 was due to one big whale who traded long for US$100 million. And it was spread across three exchanges, to have this maximum impact. And we all know what happens next, it triggered the start of a bullish run up to this point.

But I don't think that whales really collude which each other to bring the price up (and down). Those whales really know how to play this game. But the question is how average Joes like you and me will react to this kind of news.

They know how to play the game but not all whales are here trying to manipulate the price, some of them might be really long term holders and they might not know how to sell their bitcoin effectively.

[sgenuine]

Do we need a reason for bitcoin to go up? I think we should all be glad that bitcoin price is going up meaning something good is happening with it. I don't think we can talk about whales manipulating it because the price has been going only up since March or so and it looks like it will continue this path for some more time.

Yes, we MUST know the reasons of Bitcoin growth of fall. If we really understand them, we will make better predictions about the price of this cryptocurrency. Therefore, the losses will be sufficiently reduced.

[Kaneki11]

I see a lot of topics talking about why bitcoin did this or that. Sometimes there are clear indicators as of why but many times it simply happens. Coincidence, trading bots and simple TA can affect the price and create a snowball effect easily.

Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.

This is what I've been trying to point out.. o don't think there's any potential reason for the increase in demand of btc.. I think lots of users are just simply demanding it now than before..  that's all

[carter34]

I see a lot of topics talking about why bitcoin did this or that. Sometimes there are clear indicators as of why but many times it simply happens. Coincidence, trading bots and simple TA can affect the price and create a snowball effect easily.

Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.

This is what I've been trying to point out.. o don't think there's any potential reason for the increase in demand of btc.. I think lots of users are just simply demanding it now than before..  that's all

Yes, when you get high demand, price will increase. Maybe investors are tired of see price down and they felt price should be going up. It always starts from one order to numerous orders before the triple effect.

[oseikuf44]

Technical analysis, fundamental(news) analysis and Speculation are the three main factors in determining any financial instrument price direction. But for Bitcoin and all cryptocurrency , speculation is paramount. Traders care less of Technical and news release but alwasy speculate base on where the price is going.

[Kocret02]

a possible reason why BTC can experience increases and decreases is the total supply of your demand from many parties. many of their crypto players can play with prices and that is the reason why BTC prices can experience unexpected increases and decreases.