Why Bitcoin is Declining? And What’s Next?

[nydiacaskey01]

By the time you posted this topic, Bitcoin is at $9,438.72 and today Bitcoin is at $10,400. That's a price difference of 10% already. Usually when its weekends the price of Bitcoin tends to go down but at current price, it might not go below $9,500 again till Monday or Tuesday so if you bought at $9,500 last July 28, your profits is still safe I think.
 

[1715000883]

1715000883

[1715000883]

1715000883

[1715000883]

1715000883

[1715000883]

1715000883

[Monfex]

bitcoin had fallen to 3200 this winter and now we are at around 9500 after it has gone from around 13500 I would say that it now consolidates on the 10,000 or drops to 7000 and will remain there for a few months, this is just my opinion clearly

It looks to be consolidating around the 10k range. If it drops below the $9,200 resistance range, I can see it going towards 7k definitely.

It has hovered around that price for too long and I think this would be the last time it will make correction around that, I would not want to call it consolidation etc, because if it was consolidation, most altcoins ought to have started increasing by now, so I am still sure that it is still In its corrective state, once the correction is over now, I believe that we will be heading for more surge in price, probably it will further break more barriers as against the 7k you see it heading to.

I quite doubt if we will see that 7k for now till when the market has fully reached another new ATH, maybe when people start to sell off their investment, then it will be possible for us to see that 7k value again, but right now, I just want to be optimistic that we are heading for another great value.

Good point about the consolidation, but as we seen in the past with the Altcoins, they tend to mimic the movement of Bitcoin. At the moment there is the RSI is showing a ton of momentum in Bitcoins favor. It is recording higher lows on the RSI, but the volume is still at a lul. If Bitcoin can break $10,600 I can see it increasing the volatility and going back up to $12,000 in the short term. But if it can't break through this resistance on the low volume, then it looks like may come back down to the $9,000 support level.

[Monfex]

In my view, bitcoin is not declining but gaining more power to break the resistances around $13,800 levels. We cannot expect any market to keep on rising up or falling down and this is what exactly happening since the bulls were back into the business. Already investors got back their faith on bitcoins investments hence we may expect another rally of bulls which may last up to $17,900 levels in this August.

Some governments are on verge of regulating cryptos and when that would be just a regulation rather than banning, I guess we may witness another big leap in crypto markets which might be led by bitcoin prices.

The great news coming in about Bitcoin will definitely affect the price, but the volume just doesn't seem to be there. It is struggling right now to break the resistance levels as we can see.

[Monfex]

Bitcoin is sure to grow in price, do not worry about it. Price reduction is a natural phenomenon. Each crypto has certain periods of growth and fall. When the correction is over we will see growth again.

 I am very bullish on Bitcoin, and I can see it going back up to the 20k mark, but over the short term it is not looking too attractive.

[Monfex]

By the time you posted this topic, Bitcoin is at $9,438.72 and today Bitcoin is at $10,400. That's a price difference of 10% already. Usually when its weekends the price of Bitcoin tends to go down but at current price, it might not go below $9,500 again till Monday or Tuesday so if you bought at $9,500 last July 28, your profits is still safe I think.
 

I agree, those are some really good gains. Bitcoin has some good momentum now with the RSI recording higher lows, and the fast EMA(200) on the 4h currently moving under the price. The volume is just not there though. Hopefully some volume can back this moment and we could really be going places.

[Monfex]

The current decline in the price of bitcoin is a technical way to further tighten investors into it,bitcoin every year there must be a very significant turnaround very quickly,Seeing the bitcoin rate from the beginning of the year has begun to crawl up over time,We just wait for the process to come

Patience is the key. I am very bullish on the long term outlook of Bitcoin.

[pawanjain]

You don't need to increase the font size. Increasing the font size won't give you merits or do you any good if that's what you are hoping. In fact it's more like a disturbance to the eyes.

Bitcoin has been gaining good momentum lately and I am glad it did. It reached about 13k and faced a minor correction which I think it should have.
Now that it's quite stable at 9.5k - 10.5k I think the price should start increasing in a few more days.
Dropping the price will just create a FUD in the market and people will start to panic. I believe bitcoin has far more reasons to increase in price than going downwards.

[Monfex]

You don't need to increase the font size. Increasing the font size won't give you merits or do you any good if that's what you are hoping. In fact it's more like a disturbance to the eyes.

Bitcoin has been gaining good momentum lately and I am glad it did. It reached about 13k and faced a minor correction which I think it should have.
Now that it's quite stable at 9.5k - 10.5k I think the price should start increasing in a few more days.
Dropping the price will just create a FUD in the market and people will start to panic. I believe bitcoin has far more reasons to increase in price than going downwards.

You're right about the price increase. It is headed steadily up. I am expecting a bit of a pullback into the $11,000 range, and then it will increase again. It is well overbought right now and there was a strong rejection at $11,900. But the overall long term trend looks very nice. Up up and away!

[cryptothreads]

By the time you posted this topic, Bitcoin is at $9,438.72 and today Bitcoin is at $10,400. That's a price difference of 10% already. Usually when its weekends the price of Bitcoin tends to go down but at current price, it might not go below $9,500 again till Monday or Tuesday so if you bought at $9,500 last July 28, your profits is still safe I think.
 

Currently Bitcoin is still the only coin to get the best stability during the past time. The value of Bitcoin changes every second and every person's investment decision can determine the price of Bitcoin in this market. I think with the recent large price increase this market is ready for new development and I believe Bitcoin and all altcoin will soon increase prices together during this time period.

[MonsterV]

Bitcoin has been gaining good momentum lately and I am glad it did. It reached about 13k and faced a minor correction which I think it should have.
Now that it's quite stable at 9.5k - 10.5k I think the price should start increasing in a few more days.

But wait, I see the movement of Bitcoin is reaching the resistance line. But from the chart below bitcoin will bounce back down. So, be wary of making decisions in the next few days if you are a day trader. Well this is not advice for anyone, but I only give consideration of my analysis, the rest of the decision is in your hands and hopefully this is useful.

[Monfex]

Hello dear traders! We would like to introduce you our new trading idea!

Bitcoin is on a considerable run headed towards the next resistance mark of $13,000. The fast EMA (200) shows a bullish price crossover, and now the fast EMA (200) is below the current price, which indicates upward momentum. The volume is increasing but the RSI shows that the price is well into the overbought range.

With the price getting rejected hard at the $12,000 mark and now showing a long candle wick on the 4hr chart, we can expect a bit of a pullback.
The closest established support level is at $11,000 so expect a dip into this range. If the pullback reaches this level, consider a BUY at $11,000 and a TAKE-PROFIT at $12,500. The STOP-LOSS should be set at $10,500.

Active Trade Signal:

- Buy at $11,000
- Stop-loss at $10,500
- Take-profit at $12,500
- Forecasted P&L: $3,000 per 0.1 lot with 20x leverage on Monfex Exchange
- Risk/reward ratio: 1:3 (very attractive)

To your Trading Success!

[Hippocrypto]

Many people sell their coins, that's why we experienced bitcoin price declined most of the time. Every spike of btc price, the price go down immediately and it's not within our control now. The whales always remained dominant on this market nowadays, and expecting the next waves cannot be predicted accurately. We can't give further analysis for this time, but for sure after the dip price another bounces will occur once rising price attracts more buyers.

[PLATO]

Bitcoin has been gaining good momentum lately and I am glad it did. It reached about 13k and faced a minor correction which I think it should have.
Now that it's quite stable at 9.5k - 10.5k I think the price should start increasing in a few more days.

But wait, I see the movement of Bitcoin is reaching the resistance line. But from the chart below bitcoin will bounce back down. So, be wary of making decisions in the next few days if you are a day trader. Well this is not advice for anyone, but I only give consideration of my analysis, the rest of the decision is in your hands and hopefully this is useful.

Based on your analysis, I can say that this is a very reasonable analysis for this market because it is certain that the value of Bitcoin will fall to a minimum of $8,000 in the coming time and will take long time to be able to return to the price of $10,000. Currently the value of Bitcoin is still very high compared to reality and I believe that holding stablecoin is the top priority option in this period because it is likely that the bear market will soon return.

[Bunsomjelican]

Bitcoin has been gaining good momentum lately and I am glad it did. It reached about 13k and faced a minor correction which I think it should have.
Now that it's quite stable at 9.5k - 10.5k I think the price should start increasing in a few more days.

But wait, I see the movement of Bitcoin is reaching the resistance line. But from the chart below bitcoin will bounce back down. So, be wary of making decisions in the next few days if you are a day trader. Well this is not advice for anyone, but I only give consideration of my analysis, the rest of the decision is in your hands and hopefully this is useful.

Based on your analysis, I can say that this is a very reasonable analysis for this market because it is certain that the value of Bitcoin will fall to a minimum of $8,000 in the coming time and will take long time to be able to return to the price of $10,000. Currently the value of Bitcoin is still very high compared to reality and I believe that holding stablecoin is the top priority option in this period because it is likely that the bear market will soon return.

Because of this things, many will sell their coins now, if they believe in the illustration stated at the above. If it is going to go down at 8k$,
Though the price according to coinmarketcap was 11, 904$, perhaps it will take a long time before it recover again. But wait lets not forget that market is still unpredictable.

[john_nautica]

bitcoin is declining I think that's a normal cycle, we can't predict bitcoin in the future. can bitcoin experience price increases and price declines. so I think now the effect of rising or falling prices depends on the cycle in the market

[michellee]

The next thing you can do is be careful from where the market move as we don't know what will happen later. But if you can make a solution from now on related to the situation, I think you don't need to panic if the market is increases or decreases. You can use one strategy that will be useful if the price increase. And you can also use the other strategy that will help you to prevent the big loss if the price decreased. So you could still move following the market, and you might get a chance to make a profit if the price increase later.

[Monfex]

By the time you posted this topic, Bitcoin is at $9,438.72 and today Bitcoin is at $10,400. That's a price difference of 10% already. Usually when its weekends the price of Bitcoin tends to go down but at current price, it might not go below $9,500 again till Monday or Tuesday so if you bought at $9,500 last July 28, your profits is still safe I think.
 

Currently Bitcoin is still the only coin to get the best stability during the past time. The value of Bitcoin changes every second and every person's investment decision can determine the price of Bitcoin in this market. I think with the recent large price increase this market is ready for new development and I believe Bitcoin and all altcoin will soon increase prices together during this time period.

Great point. Especially with this trade war looming, it is a great time for Bitcoin to shine. It seems that investors are using Bitcoin as a safe-haven asset. Any news is good news for Bitcoin it seems.

[Monfex]

Bitcoin prices are down and downs and downs in the world of cryptocurrency bitcoin is also one of the biggest coins every year there must be a significant movement, right now the price of bitcoin is down does not mean the end of the price in the future,I am very sure that bitcoin is one of the biggest digital currencies in the world, so the revival will soon come back to life to the most amazing position, we just wait for the process

Bitcoin is definitely not dead. Since this trade war, Bitcoin has gained the most due to investors using Bitcoin as a safe-haven asset. I do believe Bitcoin is the future. Patience is the key though.

[Monfex]

Bitcoin has been gaining good momentum lately and I am glad it did. It reached about 13k and faced a minor correction which I think it should have.
Now that it's quite stable at 9.5k - 10.5k I think the price should start increasing in a few more days.

But wait, I see the movement of Bitcoin is reaching the resistance line. But from the chart below bitcoin will bounce back down. So, be wary of making decisions in the next few days if you are a day trader. Well this is not advice for anyone, but I only give consideration of my analysis, the rest of the decision is in your hands and hopefully this is useful.

That resistance level does look strong. If Bitcoin can continue to break past 12k and hover around 14k, I wouldn't worry too much about this trend you listed. But great catch!

[RealMalatesta]

Many people sell their coins, that's why we experienced bitcoin price declined most of the time. Every spike of btc price, the price go down immediately and it's not within our control now. The whales always remained dominant on this market nowadays, and expecting the next waves cannot be predicted accurately. We can't give further analysis for this time, but for sure after the dip price another bounces will occur once rising price attracts more buyers.

We can’t stop people from selling their coin, we can only control our own investment and then adjust ourselves to their attitude, I know that it can be annoying, especially when traders that are doing shortenings are forcing the market down every time that it tries to break further barriers.

While we have our long term investment fund already in the market, if we really want to not feel this, we just have to spate some funds to be using to trade also, trading in the sense that once those people forces the market down, we buy at the dip and then sell when the price is a bit high, if we practice this severally, we would not so much feel the waiting time for our long term investment fund to mature when the price of bitcoin eventually reaches the all time high.