Why bitcoin is falling and when will it end? [ANSWERED]

[yagizpoyraz]

Why bitcoin is falling and when will it end?

Here is the top 3 reason:

1) https://cryptotown.io/news/bitcoins-surging-dominance-is-this-time-really-different-coindesk/index.html
2) https://cryptotown.io/news/bitcoin-drops-to-10000-in-recent-downtrend-cointelegraph/index.html
3) https://cryptotown.io/news/bitcoin-drops-to-10k-in-worst-daily-loss-in-a-month-coindesk/index.html

[coinycoiny]

The worrying thing is the last peak was $14k which was lower than the previous at $20k.

This is the first time this has happened, although I predicted this might happen 18 months ago.

If this proves to be the case then the next high will be lowers still and I'd expect the pattern to repeat as people realise that btc is never going to take over the world.

[coinycoiny]

The worrying thing is the last peak was $14k which was lower than the previous at $20k.

This is the first time this has happened, although I predicted this might happen 18 months ago.

If this proves to be the case then the next high will be lowers still and I'd expect the pattern to repeat as people realise that btc is never going to take over the world.

It seems to me that this is just another correction. Which you should not pay attention to. This fall is not for long. I am sure that the next growth will be very soon and we will see new peaks of bitcoin.

Its 2 months since the last high, that's not a correction.

[avikz]

Why bitcoin is falling and when will it end?

Here is the top 3 reason:

1) https://cryptotown.io/news/bitcoins-surging-dominance-is-this-time-really-different-coindesk/index.html
2) https://cryptotown.io/news/bitcoin-drops-to-10000-in-recent-downtrend-cointelegraph/index.html
3) https://cryptotown.io/news/bitcoin-drops-to-10k-in-worst-daily-loss-in-a-month-coindesk/index.html

It's not a new news that bitcoin's price is falling since last 2 days and today it has gone below 10k. Speculators will speculate anything but tell me, is this the first time you are seeing this kind of trend in 2019?? Bitcoin is continuously going beyond 11.5k and coming down to 9k. We have seen such trends quite a few times in this year, especially since last 3 months. See the chart below and look at the highlighted area of head and shoulder's pattern.



I firmly believe, that another similar type of trend is in the making and it will continue for some more time. However, I only agree with only one point from the article of Coindesk as quote below,

Two, concentration is a sign of an immature asset class. Imagine an emerging stock market in which one company accounts for 80 percent of the country’s market valuation. A diversified category will be more resilient, flexible and powerful, as internal connections and synergies empower a profitable irrigation of resources.

Increasing dominance can lead to utter massacre and there will be no area of recovery if anything wrong happens! Lets just wait and watch but I believe, bitcoin below 9k is still a gift!

[Hypnosis00]

We don't expect that it will run shortly and recover easily. Such declining scheme will stop sooner but we don't know when.
Only we have to do is to keep calm, this is not a worrying scenario. Besides, this market flows and prices may vary all the time...

[coinycoiny]

We've passed the last high, you should be looking for the next bottom. I call between $1k and $2k.

[carter34]

I wasn't expecting the ATH to be overtaken by this year and this is why I'm not surprised with the sliding. Although, it is a kind of correction but I can't say when we are going to see a stop.

We've passed the last high, you should be looking for the next bottom. I call between $1k and $2k.

Really... If bitcoin gets to that, what do you think of altcoins

[coinycoiny]

I wasn't expecting the ATH to be overtaken by this year and this is why I'm not surprised with the sliding. Although, it is a kind of correction but I can't say when we are going to see a stop.

We've passed the last high, you should be looking for the next bottom. I call between $1k and $2k.

Really... If bitcoin gets to that, what do you think of altcoins

They will continue their decline.

[bibonix]

I would better ask why it's raising? I believe these are all manipulations and we are the victims of them... Which is sad.

[Saltius]

Fresh news from twitter:
https://twitter.com/newwhaleorder/status/1161735619472764929

[Anonylz]

Btc rise and falls every time even the crypto analyst already know this fact, the fall will not remain permanent just like the raise won't, it is funny how every time btc drop in price so many new topic with questions why will sprang up but none will show when btc is out of the roof   this is crypto buddy, highly volatile and very unstable price, get use to it and take advantage of the dip coz you never know.

[STT]

Heres a very short term graph for this very recent rise:



I think somewhere around 10200 area is the top to beat, the bottom prices are the lows seen previously since late June.

[davinchi]

I think the biggest reason right now is that price is at a level where buyers do not want to buy because they are afraid the price will fall and there are sellers who do not want to sell because they are afraid price will go up, so there is this position where price goes up and down between same levels because nobody wants to take the first risk. If the buyers suddenly decide that its time to rally than it would be super easy to go beyond $13k levels once again, however if sellers decide its enough idle period and sell than it would be super easy to go down as well.

There is really no middle level here, you gotta wait patiently and see what will happen without making too much drastic moves, if you don't do that than you will end up with very risky bags.

[fabiorem]

Bitcoin is falling because the alts did not follow the recent price surge.

In a real bull market the two markets alternate ups and downs. Thats how bitcoin can sustain an increase in its value.

Maximalists rejoice when they see altcoins going down. What they fail to see its that the constant swap between those currencies, practiced by experienced whales, is what makes the price go up in a organic way.

The recent surge increased bitcoin dominance in a artificial way. Now it will go down, probably to the 7-8k area. Altcoins will need to pick up.

[exstasie]

Bitcoin is falling because the alts did not follow the recent price surge.

In a real bull market the two markets alternate ups and downs. Thats how bitcoin can sustain an increase in its value.

That's what happens in a bubble. We're not there yet. It's a good thing too, because a vertical move straight to a new ATH this summer would have crashed pretty quickly. Building up support with multi-month corrections is the key to building a major parabolic move like 2017.

I wouldn't say anything happened because of alts. Alts are mainly just correlated to the BTC market. The primary explanation is just that BTC is still in correction mode. Supply and demand and all that.

[Jating]

Bitcoin is falling because the alts did not follow the recent price surge.

In a real bull market the two markets alternate ups and downs. Thats how bitcoin can sustain an increase in its value.

That's what happens in a bubble. We're not there yet. It's a good thing too, because a vertical move straight to a new ATH this summer would have crashed pretty quickly. Building up support with multi-month corrections is the key to building a major parabolic move like 2017.

This one, it takes months and months building support and I still do think that we are still farther away from the parabolic rise of 2017, heck we might not end get to $20k this year as others may have predicted.

I wouldn't say anything happened because of alts. Alts are mainly just correlated to the BTC market. The primary explanation is just that BTC is still in correction mode. Supply and demand and all that.

I agree that alts needs time to grow so that the market will be healthy as there are correlation between BTC and alts. But how can alts grow when altcoins investors are not willing to gamble on them and would rather go into BTC. Altcoin market of 2016-2017 is very different now as investors are getting smarter.

[RealMalatesta]

We've passed the last high, you should be looking for the next bottom. I call between $1k and $2k.

Crazy call, how is that possible, does that even look at all realistic to you? I will bookmark this page and your post, and then remind you when bitcoin starts heading back to $15k, which high are you talking about when we are yet to beat the last ATH, before bitcoin can go back to all time low, till after the bull run, and there is not going to be bull run till next year, which means we will stay around this current value for a while now while we await the real bull run that will get us to another new ATH that will be higher than the last ATH.

So, you better change your mentality now and then invest when you can still invest, I thought people like you had already left the market, but I don’t know we still have you FUD carriers around, and it will be so shameful to you soon.

[fabiorem]

I agree that alts needs time to grow so that the market will be healthy as there are correlation between BTC and alts. But how can alts grow when altcoins investors are not willing to gamble on them and would rather go into BTC. Altcoin market of 2016-2017 is very different now as investors are getting smarter.

Blame the ICO scammers. People have fear of investing in altcoins now because of them.

[Reid]

It is already a deep fall for many.
I think that is already a sign that a pump will happen again.
All I know is if their minds are set that it could be the lowest for the week then they will keep on buying.
Whales wont mind that or they could be following it since they have already sold at 12k+ price.

Let us see at the end of this month if there will be changes again in thousands of dollars. I bet there is.

[guoyu78]

The worrying thing is the last peak was $14k which was lower than the previous at $20k.

This is the first time this has happened, although I predicted this might happen 18 months ago.

If this proves to be the case then the next high will be lowers still and I'd expect the pattern to repeat as people realise that btc is never going to take over the world.

I dint think you should even think towards believing that we have reached another all-time high for this short bull run, that can never be because that would be lower than the last ath really and I doubt if that has ever happened in the history of bitcoin, the bulls really need to keep the market floating as this will be a very big and sad news for the cryptocurrency market, but I am still very optimistic that this is just one of those major decline that usually lead to a high surge in bitcoin.

I think there was a time that it went as low as $8000 and then picked up again, so this would really not be the first time that bitcoin will be having this very high decline too this period that it start bull run, just a normal correction I guess, and I believe that before the weekend is over, it will correct itself again.