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

[micalith]

I agree that there may not be clear reason for pump or dump. Whales can come and randomly push up or down. But, in the end, we will figure out a way to find these whale moves and act before them. This is called TA, right? There is no need to bound these to some twitter posts or banning news. These are just random things.

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[Savemore]

Using technical analysis can help us to have a foresight where will be the price of the bitcoin will be. I am using technical analysis in cryptocurrency, forex trading and also in stock market, I can say that using TA is effective and it can help us to make better decisions.

[Google+]

Using technical analysis can help us to have a foresight where will be the price of the bitcoin will be. I am using technical analysis in cryptocurrency, forex trading and also in stock market, I can say that using TA is effective and it can help us to make better decisions.

Using such analysis methods is usually inaccurate because we know that the price of bitcoin is affected by requests and from bad news or good news about bitcoin on the internet, without analysis used if there is good news, the price of bitcoin can usually rise. so bitcoin doesn't always move from analytical techniques like that.

[Darooghe]

Understand that Crypto as a whole is a small, unregulated market and is both susceptible to sudden mood swings, and deliberately manipulated by big players called whales. The market doesn't represent the actual money invested in the market, the actual amount is much less rather than you think, depending on which estimate you use. bitcoin is a small market too, with a potentially enormous future. Until the market matures over the coming years, players can make a significant impact on the price when they sell or buy large amounts of bitcoin, as more investors enter the space and bitcoin becomes more distributed, this type of manipulation by big players should become less of an issue.

[Velkro]

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.

Agree, keep also in mind emotional factor which is not taken into consideration often.
Snowball effect because too many decided to sell on a whim could be most random price ride downhill ever.
Same thing happening in bubbles. More interest than usual getting media attention fueling price sky-rocketing.

Can't predict that.

[Flor1982]

In talking of market manipulation then of course it will be difficult to find of who did it because not only the big whales can be able to do the manipulation therefore the most valid and normal reason of why market movement is because of the supply and demand but its difficult to determined it too as we don't know of when people will buy and dump.

[shoreno]

they will wonder if they dont know the reason but if they will only research and stay updated regularly they can see that there were actually a reason on why the price falls  . like recently price fall because of some events like bakkt   ,  binance restrictions , the hacking incidents and so on   .  price wont fall without any major reason   .   when common people sells , thats only minor and wont affect the price at all and you wont see a news  or any updates whenever they did it  .

[eaLiTy]

I am sure that behind any movement there are certain factors and conditions. And so same are worth people which and create these factors and conditions. This market is very susceptible to manipulation, so look for reasons or invent them makes no sense.

No one is able to understand the entire factors and reasons for any market movements, you can have a list of predictions on why the market behaved a certain way, i will rather invest my money when the market is down and wait for the market to rally rather than rattling by brain over why and when the market will move in either direction.

About them either tell in the upstream, either never about them not will know.

Are you using a translator as my brain is scrambling to understand what you are trying to tell here. You can use your local language here in this forum to communicate.

[Kyraishi]

There’s always a reason why the sudden change or drop of price of Bitcoin and there are times it will take days, weeks or perhaps months before someone can offer an explanation why the price dropped. Remember the 2017 bull run that ended on the first month of 2018 or the last week of 2017, some offer an explanation that it was the stock market traders who bought Bitcoin on the last quarter of 2017 until the price spiked to ath and then they dumped. Question is do believe it or we just ignore that explanation and just take our profits.

Imagine while we are busy looking for reasons, others are already gaining profits because they were able to position themselves at the right time.

That's a good example - there where probably many factors during that bull run-up to the 20,000 Priceline, and one of the most interesting things about this cryptocurrency is the random movements that happen, that we sometimes end up having no answer to. I've chalked up that event to just a snowball event started by a couple whales, and the prices just kept going up.

Price of bitcoin depends on its market demand and supply, it is depend to the traders. Anyone who have a larger number of bitcoin hodling will have the power to manipulate the market value. Whales sometimes manipulates the market, they will hodl bitcoin we may monitor it in the patterns that we can see in every exchange. Predicting reason why bitcoin pumps and dumps is too hard.

Yes, I think that it is all about the manipulation. Whales are the winners here in this type of market since it is still young and not regulated enough to avoid manipulation. Whales who got a lot of bitcoin can easily dictate the movement of the price of the cryptocurrencies in the market. It might not be healthy for some people but for the majority, I think it is still a good blend to the market since it adds more value for traders.

Agreed, whales are able to do a lot to the market, and often they are able to influence movements in the market due to the other people that follow suit. Once BTC becomes more developed, I think the whales will eventually get pushed out and not have as much control as before.

[finzyoj]

they will wonder if they dont know the reason but if they will only research and stay updated regularly they can see that there were actually a reason on why the price falls  . like recently price fall because of some events like bakkt   ,  binance restrictions , the hacking incidents and so on   .  price wont fall without any major reason   .   when common people sells , thats only minor and wont affect the price at all and you wont see a news  or any updates whenever they did it  .

Not everyday there's a bakkt news, there is a crypto adoption and there is a hacking cases here in the world of crypto and yet the price still fluctuates drastically/slowly. How can you explain it? I believe that when the price changes it doesn't mean there's already a reason behind it. I agree on what Flor1982 said, most of the time supply & demand mainly implies.

[btc_angela]

Using technical analysis can help us to have a foresight where will be the price of the bitcoin will be. I am using technical analysis in cryptocurrency, forex trading and also in stock market, I can say that using TA is effective and it can help us to make better decisions.

Hmm, yes it could be an effective tool to predict the price, but you have to understand that there's what we call overall sentiments of the market. So most of the time the market is overwhelm with feelings and emotions that traders will suddenly jump and sell the push button without any logical explanations and it goes against the TA.

[bounceback]

I also don't know for sure why bitcoin can go up or down but I've also heard of some people who have a long experience in bitcoin, they say that bitcoin is one of the coins with limited supplies so if for example many people are interested in bitcoin then most likely bitcoin will go up, and if the number of bitcoin fans there is a possibility that bitcoin can also go down.

[carlisle1]

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.

coincidence on what OP?sorry i think i missed that part.but trading bots and Technical Analysis are mostly something that added on why dumping happens because panicking reacted too fast even in a simple matter of lowering the value,and sometimes market shaken

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.

on that situation maybe they intended to do as well?i have got this feeling that some whales are conniving to manipulate the market by creating Fake Pump and Dump,this cant be made by single whale alone not unless he holds millions or hundred thousands of bitcoin

[Apes]

I don't think whale always the cause of drastical price changes on the bitcoin market, what I really believe is that prices go up due to market demand,
if prices fall more due to market trends and market confidence in bitcoin investments.
because the desire to buy or sell is also influenced by the daily cost needs of the investment owner, for example every users prefer to sell
for the cost of a year-end vacation trip. then at that time more people will sell than buy. CMIW

[slaman29]

I also don't know for sure why bitcoin can go up or down but I've also heard of some people who have a long experience in bitcoin, they say that bitcoin is one of the coins with limited supplies so if for example many people are interested in bitcoin then most likely bitcoin will go up, and if the number of bitcoin fans there is a possibility that bitcoin can also go down.

I bet these friends of yours all are super experienced traders who are experts at making money, huh?

Limited supply is a factor that helps scarcity, but for me it is more psychological right now than it really is anything else. But in the moving of price up/down in the short term, there really isn't much to help people predict.

I hope that you do a bit more research than listening to your friends, though.

[Little_king]

the price of every thing in market is decide by the demand and supply law which give the reason why many buy high and and some buy low to sell high as regard the chance of missing out in the market profit

[ethereumhunter]

Bitcoin price is going to up or down will depend on the market and the traders. The news will not give effect too big if the traders are not react related to the news. But if the traders decide to buy bitcoin because of some news, then that will move the price to go up or down. We see many examples of this, and it's always happening in the market. So when the price is up or down, it's just because of the supply and demand that happen in the market, and yes, there is no clear reason for that.

[Fredomago]

Bitcoin price is going to up or down will depend on the market and the traders. The news will not give effect too big if the traders are not react related to the news. But if the traders decide to buy bitcoin because of some news, then that will move the price to go up or down. We see many examples of this, and it's always happening in the market. So when the price is up or down, it's just because of the supply and demand that happen in the market, and yes, there is no clear reason for that.

Investors play the big role around this market, if most of them follow good news and start buying automatically the value will pumped up giving the chance for early investors to earned, if they've decided to dumped those cheap coins that they've got the value will fall in a short period of time. Again the cycle will continue, same deal with any trading business, demands and supplies affects the movements of this market.

[radjie]

price wont fall without any major reason   .   when common people sells , thats only minor and wont affect the price at all and you wont see a news  or any updates whenever they did it  .

there is no main reason that can justify why the price of bitcoin can go up and down in a short time other than the demand and supply of many people in the market, but if there is widespread bad news that can cause a lot of panic, of course ordinary traders can also take part so as to cause a decrease in market prices because they simultaneously feel panicked to immediately make a sale

[Ucy]

Here is one of the simplest ways to understand why the price of Bitcoin goes up or down:

Imagine you want to buy lots of oranges (a scarce & special type of orange) which sell at  $1 per orange.
You get to the market and find people queueing to buy the oranges at $1 or alittle below/above $1. If you really need the orange badly, you can offer the sellers to buy them at $2—3% per orange. The seller will gladly sell at that price. Smart buyers could end up selling the oranges theybought already at cheap price and may even go as far as buying up all the special orange from other orange shops in market (arbitrage) to sell to you at $2-$3. The new price of one orange will become 2 or 3 dollars. Once you are done buying up all the oranges and the demand falls the next day, the price will fall also, probably back to 1 dollar per orange. It will remain 1 dollars until demand increases again .