What is happening with Bitcoin?

[CryptoBry]

I think the bitcoin price dropped due to the many scams and the many bad news from different countries that banned bitcoin.
The predictions rise not necessarily because the market is now bad. Many of his scams make investors afraid to invest against new Altcoins and choose to hold bitcoins. When Bitcoin drops they sell to secure the money. Bitcoin will rise which is very likely in relation to Bitcoin is now more popular in the first appeal.

The negative news like counties banning bitcoin is having lesser impact on the market than it was expected to be,  due to the fact that we are used to these news and now we are going through a phase of correction from the long time after the massive bull run at the end of 2017, I am sure the value will increase as there will be some fresh investment before the halving for the fact that the value will increase post halving. We just need to avoid panic selling in order to avoid any further dump.

The ups and downs of Bitcoin can be attributed to many factors and there can be some or many at a specific time. Sometimes there can be bad news on the horizon and the market is taking them in, at the same time there can be bad news that seem to have no effect on Bitcoin. I would say that there can be dips for no reason at all and analysts can have a hard time when to attribute the price movement. The overall sentiment of the market can affect the movement of Bitcoin and the sentiment can be affected by some news or some analysis made by influencers considered to be credible and trustworthy. In the past, the sentiment can be formed by FUDs and hypes but today the market has already matured and so we are becoming more discerning. Bans and scams can affect but not as they can be years ago.

[1715051874]

1715051874

[beerlover]

I know we are really bothered with these falls and we want to see it go up, I know I want to see it go up, it is hurting my economy right now whenever it falls and unless it goes back up to at least $8k+ in the next week I will be devastated financially.

However, that shouldn't affect our long term look at bitcoin, I can feel the pain of losing money and being in debt and what not for another month or two but in the end I know that eventually bitcoin will go up and I will make me money as well, I just have to save up as much as I can and if I can have enough bitcoins right at the correct moment then I can profit as much as I have lost as well. It is really sad to cash out bitcoin when it is low but it feels amazing to cash out when after it skyrockets.

[maydna]

This day, bitcoin is getting down again, and even it's deeper than before. Bitcoin down at $7400 price level after the battle yesterday because of cannot hold the price at a price yesterday. This situation makes traders getting lose some money because of the down of the price. We are at the weekend, but we see the bitcoin price is down. Perhaps, we can stay away from the market for a while until the situation can get normal again so we can start to buy bitcoin at a low price. Right now, it's a good moment to buy bitcoin, but still, we need to wait for more.

If bitcoin prices still going down, then we can prepare to buy more bitcoin. I wonder if the price will get down until $7k price level or the price will wake up and increase back after the deep down of the price. Let's see what will happen in a few hours later. But the trend still going down so we must be careful to decide.

[redsun114]

I don’t know why people still panic easily in bitcoin investment when they should have already been so used and have the knowledge of correction that cannot be avoided, since bitcoin price has been increasing, there has never been a point where there is no correction in which the duration for the correction is what we usually cannot determined.

One thing that is very certain is that no matter how long the correction is, there will always be a day that the value will pump back too where it dumped from and even pump above it, which means that anytime that we see a dump, we should always be encouraged to buy more of bitcoin so that we can make profit either in a short term or a long term base. I know that this is the last stage of the drop now and we will begin to have some pump henceforth.

[YOSHIE]

The price of Bitcoin has dropped today to almost 8.000 USD.

Yes, it is true that $ 8,000 has passed, but as of today, October 26, 2019 has risen to the level of $ 8,580, so it increased by $ 580, ok.

Was this predicted?

Certainly very many people predict coins this one.

Bitcoin Price Prediction 2019, 2020, 2025, 2030, 2040 - Bitcoin Future Value Prediction

and if so why,

Do not know...!

will the price eventually bounce back up?

What do you think, sure where do you think bitcoin is this year.
If you answer, that's the real answer...!