Bitcoin price falls why??

[bering]

It was happened several times in this year that bitcoin can be pumped or dumped more than 10% in the same day but according to the previous movement then the price should be can recover back although this is not guarantee will always same moves however buy back might be good as the price still low

[CryptopreneurBrainboss]

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.

The $13k+ price range don't have enough support for now that's why bitcoin keep crashing down or (to use a more appropriate word) retracing below that price range then it get followed by a panic sell from active traders & emotional investors pushing the price further down that's why we're seeing loss of value resulting to two digit percentage indicated by OP.

I don't follow the price movement so can't remember the last time I checked the price of one bitcoin. If most individuals can do the same we'll reduce the rate at which the price falls further after a sudden correction.

[Artemis3]

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...

If this happens it is quite normal (as you correctly said), you don't need to worry, the lower it goes the more pressure it will build for a recovery. It works both ways, it just went up too fast, it had to correct. You have to look at the long term curve, which should be more or less logarithmic, since the inception of bitcoin until maturity. (ie. 50~100 years). It's been a mere 10 years

[Bitcoinqubit]

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

What do you think, will it recover?

do you know what is selling rate???

selling rate in some sort of level is when coin get to price which is called at the peak relative to the price that was, and in this peak the selling rate is very high what hurt  the value of any crypto...

if it will stop?

yess soon we can almost anything with crypto and the selling rate will fall drastically because we can by directly with crypto and dont need to convert it and this effect will surge the price to the moon without even de,mand grew

[Bitcoinqubit]

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

What do you think, will it recover?

do you know what is selling rate?Huh??

selling rate in some sort of level is when coin get to price which is called at the peak relative to the price that was, and in this peak the selling rate is very high what hurt  the value of any crypto...

if it will stop?

yess soon we can almost anything with crypto and the selling rate will fall drastically because we can by directly with crypto and dont need to convert it and this effect will surge the price to the moon without even de,mand grew

[kryptqnick]

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

What do you think, will it recover?

I'd even say that it's great that the price went down! It's a lot better strategically if Bitcoin goes up and then a small correction follows before it takes another step forward. At least, this way Bitcoin is able to move forward in a slow and safe way. If the price does not go down from time to time, there's a great chance it will drop down so much after a fast rise, that we are going to see another bearing year. IMO 10-20% fluctuations with Bitcoin are just something we should get used to. Not to mention how convenient and beneficial they can be for traders.

[Artemis3]

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

What do you think, will it recover?

I'd even say that it's great that the price went down! It's a lot better strategically if Bitcoin goes up and then a small correction follows before it takes another step forward. At least, this way Bitcoin is able to move forward in a slow and safe way. If the price does not go down from time to time, there's a great chance it will drop down so much after a fast rise, that we are going to see another bearing year. IMO 10-20% fluctuations with Bitcoin are just something we should get used to. Not to mention how convenient and beneficial they can be for traders.

Correct, otherwise the pressure will build stronger and bounce the other way harder. But of course, some traders will make a fortune

The slower the better.

[Linkkoin]

We will see that many times during this bull season - a whale selling 10000 BTC in a single transaction to push the price down by 10-15% and buy lower.

[roosbit]

AFAIK usually these pullbacks are caused by

• the usual price corrections
• traders selling more of the coin than the can buy...keeping crypto in the red
• possibly someone trying to manipulate the btc price with their huge stash of coins

But from what I found the recent pullback is being speculated that it was apparently caused US Federal Reserve chairman's remarks and I find it weird we are always out looking for a reason why something happened.

Added snippet and link below for more info about this story
https://www.coindesk.com/bitcoin-price-drops-2k-in-24-hours-but-bull-view-still-intact

Media outlets have associated the sharp pullback with the US Federal Reserve Chairman Jerome Powell’s comments that Facebook’s cryptocurrency Libra “cannot go forward” until serious concerns regarding privacy, money laundering, consumer protection, financial stability are addressed.

While there is no concrete evidence to link bitcoin’s drop with Powell’s comments, the price action does paint a picture that indicates the sell-off was triggered by Powell’s remarks.

[Alert31]

Of course bitcoin price fall because it is not stable,bitcoin is volatile, the reason why people like it because they can earn more profit from bitcoins volatility. And i think there is no need to worry about the price drops of bitcoin because it will go up again. The demand and supply are the main factor regarding price movement of bitcoin and other currency.

[ubay]

Bitcoin will always experience price rises and falls, because that's how the ecosystem is. In contrast to FIAT or other stocks that require a long time for fantastic price changes.

[zenhu]

Its like old time when bitcoin just hit higher price in a year it will be correction until 20% i guess then usually it will recover but not much, about 10% from low price. In every currency that not always grow up or fall down, always update news regarding currency that you trade on to know why it happen.

[Coyster]

We will see that many times during this bull season - a whale selling 10000 BTC in a single transaction to push the price down by 10-15% and buy lower.

While this may be true, it may not entirely or even be part of the reasons why bitcoin is currently falling at the moment.
The impact or effect of whales seems to be one very common excuse for bitcoin drop in price amongst enthusiasts.

But even before we came to know about whales, and that's even if they actually do exist, the coin has always been volatile, one minute it's up and in 24hrs we can experience as high as 10% drop, it's nothing to fidget about.

Just remember to always pull out when you've actually reached your target profit, or else just hodl on.

[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.

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.

I am not sure if the price is at the bearish right now although the price is still at the low price, same as yesterday. But if you check on the chart, you will see that the price trying to increase, and I think we will going to see a new higher price in the next week. But if the price is going to go down again, then we will see the price will reach the bottom and then it will bounce again.

[777Jolami]

Bitcoin is the most powerful coin on this market. Although it fits the criteria between supply and demand, bitcoins are still affected by strong currents. This has a positive impact on the value of bitcoin or vice versa based on volatility to generate profits. We have just passed a moment of decline, but it will start a next strong rally.

[Slow death]

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

today was a day of those where the person looks at the coinmarketcap and sees everything in red

What do you think, will it recover?

see:



if there is a lot of demand then the price will recover and rise a lot, but if there is not much demand then the price will fall. If you are in this market because you intend to hold for years, then this drop should not be a problem for you.

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

What do you think, will it recover?

No it will not recover, the bitcoin chart clearly shows a double top (very bearish pattern) money will now start to flow out of bitcoin and flow into the altcoin market.  I am in the process of re-buying back my $50,000 HST decision token as it looks like altcoin season is finally here.

You have made many posts just to promote HST decision token

here are some of your posts that I think epics:

So I sold all my holdings in HST decision token this morning due to the fact that bitcoin was crushing altcoins and now HST decision token decides to go up significantly in price, well thanks again

altcoins getting crushed by bitcoin.  I sold all my HST decision token today as I can no longer stand the pain of bitcoin crushing the altcoin market.

Just sold all my holdings in HST decision token at a major loss, I now live in poverty thanks to bitcoin crushing the altcoin market.

[exstasie]

This early logarithmic growth stage may only be part of a larger S-curve. Visually, this is how that would look. The curve you posted is represented inside the red circle:



In other words, maybe we haven't seen the parabolic/exponential stage of growth yet. When institutions and the masses enter the market in a big way, it could really change the current paradigm we're all charting.

[LimLims]

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

What do you think, will it recover?

Listen dude,
As you are a newbie i can understand your concern.
So the thing that affects the BTC price is it's trading volume.
More is the volume, more will be the price of the coin.
When the volume comes down, the price will also falls down.
And yes BTC will recover soon, when the market cap will increase.
Hope you understands now.

[STT]

Its not a proper fall if anything I expect a price rise this weekend, its seems to be that way when main market shuts we are able to rise slightly more easily.    Then sunday night open is a bump back into full trading



Here orange line is a rough weekly average.   True we have been under it and falling some but its also returning to this mean and right this moment it seems likely to exceed this - hence strength in price

[Questat]

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

What do you think, will it recover?

I think it recover again as we can right now the price is so volatile and we see 2 weeks ago that the price go higher then drop, i'm not worried because I feel that the price will growing and growing again.

We all that positive that the market will rise up pretty easy, the market shows strong resistance these days and it will be a big help to make the market pulling up high again in a short period of time. What we are seeing with the price fall is simply an indication that there is a market transaction and we love to see it, right? We used this fluctuation to earn profit and not to worry about.