Bitcoin price falls why??

[LeGaulois]

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

https://i.imgur.com/ykgBTUy.png

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

It does this each weekend since about April, (except the last week). Start to watch on Friday at 7.00 pm, it starts already and continues the whole weekend, and when Sunday comes it does as you said. or Monday morning before 6.am.
Look at right now, we're Friday night and see the market, it's doing it again. I would bet $10 bucks we will see $12k tomorrow before 1.00 pm.

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[Dodoymabs]

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

What do you think, will it recover?

Obviously, this is how market reacted it's maybe because some big whales are dumping some coins. On the other hand, still lots of things that need to consider because there are also day time trader who seems to contribute with it. This is the power of volatility, within to just an hour things really happened unexpectedly.

[Yamifoud]

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

What do you think, will it recover?

Obviously, this is how market reacted it's maybe because some big whales are dumping some coins. On the other hand, still lots of things that need to consider because there are also day time trader who seems to contribute with it. This is the power of volatility, within to just an hour things really happened unexpectedly.

There is actually behind this falls but we never know what it is. May consider its volatility effect that plays in the market but ain't enough to satisfy our queries. Though we think of any possible reason, we can't even change the course until they do so. Depending on the market stability, we can't expect that it follow what we want to happen, crypto market have their own journey also.

[FanEagle]

I think these "corrections" will keep happening for a long time. The reason why they happen so quickly is that they are breaking the stop losses plus puts the panic sellers in danger mode as well. So, all you have to do is manage to sell enough bitcoin to drop the price only a bit and when you drop it that bit (mostly people who have bought bitcoin long time ago and have been waiting to sell it to make a profit finally and get rid of it) then the traders sees that and change their perspective on charts and they decide that its time to sell as well, after that happens then it triggers the stop losses and some people sell as well, so after even that the panic sellers fearing that bitcoin will go down even more sell as well.

All these combined makes a super quickly fall for bitcoin, however the good news is, it also makes going back up quicker as well.

[The Cryptovator]

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

What do you think, will it recover?

Why we should worry when bitcoin show little dump? Why we are not asking questions when bitcoin show bull trend? Actually this is the nature of crypto-currency. Sometimes its going up due to some positive news and sometimes it go down due to negative news. And there is some others reason as well. So we should stay calm during dump session, because its recovering again. This is the play of crypto-currency, otherwise how traders will get profits?

[STT]

Well it never does what I want or expect but I can at least measure it by its own moves.  It did move to break above like we speculated and then failed!   The failure is what then justifies the greater negativity.

In the words of a good mentor I've followed, from failed moves comes fast moves.    Traders like fast moves, sadly I dont trade on the weekend so much not that I presume I would have acted perfectly tbh, takes alot of discipline and attention.



So here is the 1hr bars, it did close up above in the big green bar however the 4hr bar close is what I really want as a proper show.   Waiting 4 hours to confirm anything is a total pain and in this case it was a bad risk, we did not maintain the close above the 8 day average showing us as bearish.   We're playing out that bearish action for this weekend.

4hr bars, it does close above slightly so it wasnt a perfect measure or rule but I guess thats where some finesse is needed.   Main thing I take away is its failure to stay on top, hence alot of traders are taking profits and I guess that shows up




  Right this second 5 minute bars its up but I dont think its going for 12k now, sunday night open we'll observe and I would speculate after that.  Its in the uptrend medium term, someone else pointed out betting against a repeating trend is not clever on average and I have to remember that

[shoreno]

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

What do you think, will it recover?

Why we should worry when bitcoin show little dump? Why we are not asking questions when bitcoin show bull trend? Actually this is the nature of crypto-currency. Sometimes its going up due to some positive news and sometimes it go down due to negative news. And there is some others reason as well. So we should stay calm during dump session, because its recovering again. This is the play of crypto-currency, otherwise how traders will get profits?

right . people only sees the negative effects but they dont count in the positive effects or the benefits that bitcoin/crypto gave to them  . insteading of stressing too much because of the fall , why cant they just use this event to accumulate more coins ?  in that way they can be able to earn more in the future  .

This is the play of crypto-currency, otherwise how traders will get profits?

crypto didnt promoise that they will pay every investors  . its our fault if ever cryptos wont recover  .

[btc78]

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

What do you think, will it recover?

If you will always look for answer in this kind of question then expect you’ll have this same question time and time again..looking at the graph of bitcoin the price constantly pumping and dumping so what the next step?either you will stay holding or do the selling to stop this kind of confusion about the prices

But if I were you?stop monitoring the market now and just believe that this bullrun will bring us fortune sooner

[adaseb]

Its hard to say which path BTC will take in the short term. The funding rate was negative on Bitmex a few hours back, usually this signals the start of a bear market if it happens frequently. And also the OI decreased alot from the top last week.

In my opinion I think you need to watch the weekly charts and judge for yourself if a top was made. Currently it needs to break and close below $9650 to indicate that, but we had a higher high and a higher low, so its looking good.

In 2017, BTC had these severe dips and periods where it chopped around for 4 weeks before making a newer ATH, this might be the same since it hasn't been a month yet since the June 26th peak of $14K.

[barota]

Bitcoin ROI 7 822,48% , prices rise enougth Compared to other stocks in the world
you must predict more fall and big crash next months and years
Investing in bitcoin is dangerous , The market can fall .. and you have to wait 5 years for the market to return

[STT]

Quote
I'm thinking we'll bottom at around $1900-$2500.  Could goes as low as $1000.

Heres a quote from 6 months ago.  Thats a proper fall, this isnt.  Its just a reset within a massive price gain and we must watch carefully for a rebound now its trimmed downwards.    There are attempts either way and how well they succeed is how to judge the strength or weakness that is ongoing in the price.




5m bars, just an update to the above graph.   It bounced on the left side, rose but then failed to go far.   10k being a more realistic destination for the mood this weekend.   Place and time to watch now is this flat support and the opening into Japan trade hours .

[Hippocrypto]

This situation is very disturbing for people who buy BTC because of the current price reduction. This is actually dropping because the price adjustment is dominant. But if we want to confront this big problem, we will not think that it is desperate. Do not be discouraged, you must have patience and be considerate. This autumn is temporary, wait until charging time is over.

[rdluffy]

I confess I was not expecting a fall in this moment, and I lost the opportunity to sell and rebuy in the dip
I only have the option to hold this moment, but it's ok, we are above 10k for some days, and this is very important

[nowlscor18]

I confess I was not expecting a fall in this moment, and I lost the opportunity to sell and rebuy in the dip
I only have the option to hold this moment, but it's ok, we are above 10k for some days, and this is very important

Do not usually expect the BTC price to be high constantly. This usually happens when the price is very high. This cannot be stopped, and the holders will fulfill its role then dump. Prices fall after panic, hopefully $10k is good preparation for another rise.