Bitcoin price falls why??

[Prateek_sharma]

Bitcoin price falls nearly -11.76% in a matter of hours

What do you think, will it recover?

[1714792290]

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[1714792290]

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[NeuroticFish]

The same story happened 2 weeks ago: Bitcoin has reached some 13800$, then dropped sharply to 10300$, then slower to 9700$.
Now it touched 13200$ and it's falling.

I am not scared, at least not yet. For many traders a 10-20% gain is already wonderful and they are cashing in then maybe repeat. I think that something like that happens for now.
If it'll fall again under 10000$ I may not like it though...

[Kakmakr]

The same story happened 2 weeks ago: Bitcoin has reached some 13800$, then dropped sharply to 10300$, then slower to 9700$.
Now it touched 13200$ and it's falling.

I am not scared, at least not yet. For many traders a 10-20% gain is already wonderful and they are cashing in then maybe repeat. I think that something like that happens for now.
If it'll fall again under 10000$ I may not like it though...

Well, this can be a possible explanation for the sudden drop in the price, because I am not seeing any major news that might have triggered this $2k drop in the price. This must be a nightmare scenario for newbie Bitcoin traders, if a commodity lose almost $2k value in less than 24 hours, but we are used to it by now. 

We have hoarded through must worst scenarios in the past, with a 80%+ drop in the price since 2017. The volatility sucks, but we are in this for the long haul. 

[Herbert2020]

because the market is trying to break another strong resistance that is currently located at $13200 and each time it builds up momentum, rises to that level tries to break it and when it doesn't happen the  drop comes.
price is no "falling" exactly, it is fluctuating up and down inside a tight channel between $10k and $13k each time this channel gets tighter too as previous time we went as low as $9800 and this time only as low as $11,100

[NeuroticFish]

This must be a nightmare scenario for newbie Bitcoin traders, if a commodity lose almost $2k value in less than 24 hours, but we are used to it by now.  

I've seen this in 2017, I guess it's happening again.
Quite a number of trading sites offer rewards for bringing new users. And probably some websites have again wonderful stories for their ref links, luring newbies with stories that Bitcoin started rising and it'll go sky high without stop.
Newbies go trading, because nothing wrong can happen, right? Then this. Dang!

[aad140386]

It is possible that large speculators began to take profits. This could cause a wave of liquidation positions small speculnt. But this is one of the assumptions. In fact, there can be many reasons and it is quite possible that this may be a complex of different factors. Do not pay much attention to intraday falls. It is better to pay attention to the situation as a whole. While the market is bullish, and the data falls can be seen as an opportunity to enter the market at a lower price.

[killat]

Bitcoin raised a lot during last couple of weeks,  so what's happening now is nothing but a normal correction.

People short their Btc for quick profits,  then price will take its ascendant trend.

[creeps]

Bitcoin price falls nearly -11.76% in a matter of hours

What do you think, will it recover?

Of course it will recover just like the old days we are entering into more corrections after the pump. This is another drop after reaching $13k yesterday which is still a good price to buy more bitcoin. Quick profits with the panic sellers really hurt the market as usual, if the price stabilize again it will continue the uptrend. We are getting closer to the last period of 2019, I hope to see more pump compare to dump, let's encourage people not to take profit on early pump.

[Pursuer]

you shouldn't try so hard to look for reasons for bitcoin price rise and falls each time they happen as long as they are 1) not so big, like if the rise or fall was less than 10% or 2) they are not taking the price outside of a certain range that is defined by the support level and resistance levels.
for example in this case as long as we are not going in the $10k range or below, there is not so much reason needed for that kind of movement and there is nothing to worry about. similarly as long as price doesn't go above $13k and stays there, there is again not so much to talk about the rise.

these are normal market movement as day traders take profit in their short term actions.

[Janation]

That is nothing.

There are a lot of dumps or drops in the past and we are still here. We don't need to make any assumptions whether it will dump or pump, it is obvious that it has 2 movements, either go up or down. Bitcoin is a volatile cryptocurrency so, it will really move a lot for a short period of time. For now, let's just wait again for some time, surely it will go back to that price.

[Ararbermas]

Bitcoin price falls nearly -11.76% in a matter of hours

What do you think, will it recover?

It's just because of some traders that always quick selling after the progress of bitcoin.  But its nothing because bitcoin nowadays is so volatile which always make a correction afterwards. So if you have an investment on it just be patient. Because on this year bitcoin will make a big progress despite of this fluctuations IMO..  check the history or the graph if you have doubts on what I'm saying.

[antisocial77]

I havent heard any news, its just 13k rejection.in a few days it will test there again.i hope it wont so we can make profit from alts.

[Naughty Princess]

Bitcoin price falls nearly -11.76% in a matter of hours

What do you think, will it recover?

Of course there still have a recovery. Price fluctuates overtime and many are manipulating the market which make new investor to panic and good be up their investment easily. Never doubt the coin because not is most potential than the others. Have patience and take more investment on it.

[michellee]

Bitcoin price falls nearly -11.76% in a matter of hours

What do you think, will it recover?

Of course, it will recover. I am not too worry. It seems, bitcoin already makes the correction for the price and now, the price trying to increase again. But we still at a low price than the last higher price and I hope it will be back to the higher price in the next weeks. If you already saw what is happening in a few days ago, bitcoin can increase in a shortly and now I think the situations is almost the same as before. So we have the opportunity to see the bitcoin price will increase.

[sixtyonefourfive]

Bitcoin price falls nearly -11.76% in a matter of hours

What do you think, will it recover?

Of course, it will recover. I am not too worry. It seems, bitcoin already makes the correction for the price and now, the price trying to increase again. But we still at a low price than the last higher price and I hope it will be back to the higher price in the next weeks. If you already saw what is happening in a few days ago, bitcoin can increase in a shortly and now I think the situations is almost the same as before. So we have the opportunity to see the bitcoin price will increase.

How can you say that? a double top on the bitcoin chart is an extremely bearish signal.  This means bitcoin will go lower and altcoins will now rally.

[figmentofmyass]

Bitcoin price falls nearly -11.76% in a matter of hours

What do you think, will it recover?

bulls were overzealous and over-leveraged long. weak hands got stop run and margin called. life goes on! it dumped a tad harder than i expected, but there's still a good chance this is just a short term shakeout and the market will remain bullish.

there was massive volume when the last low from earlier today was undercut. if we can just get above ~$11.6-11.7k there should be a nice recovery into the $12000s.

[1982dre]

Well doesn't we see this happens everytime? The price is fluctuating the whole time and I doesn't see the need to make a new topic everytime the price drops.

[elda34b]

How can you say that? a double top on the bitcoin chart is an extremely bearish signal.  This means bitcoin will go lower and altcoins will now rally.

If Bitcoin skydive further, I think alts won't stand a chance to go up. Bitcoin must stabilize first in order for alts to grow and skyrocket like in the 2017.

[valentin68]

Look at this chart at 1 month (click 1M). Make the chart a line (click line, the 8th symbol above the chart).
https://www.investing.com/indices/investing.com-btc-usd-chart
Have on the chart the Boliger Bands indicator (BB 20,2).

The price is approx 11500 USD/1 bitcoin. The upper band is situated at 2 sigma from the average. In 1 sigma from the average 68% of the events happen. In 2 sigma 95% of the events happen.

The price will go up until it will impinge in the upper band with approx 2.5 sigma distance from the average. Then the price will start to decrease until it will be somewhat higher than the average. Then it will bounce and start to go up (to increase) until it will impinge into the higher band with approx 3 to 3.1 sigma.  

I can be mistaking, and the price go up to approx 500 000 USD

[enogheghase123]

what ever the trend or direction bitcoin may go is not a threat to investors or bitcoin holders, we have seen bitcoin rose from 3300usd to 9000usd within a couple of days, so why cant we ave that believe in bitcoin to reach 20000usd by december 2019? lets have faith and avoid spreading panic.