Why Bitcoin prices dropped so low a few days ago؟

[Diirtmaan]

It seems to me that during the holidays, traders sell part of their money from exchanges and wallets to relax. This contributes to lower prices, and after a while, traders will buy coins more profitably and a new race will begin. Every year during the New Year and Christmas, the story repeats itself.

[CodyAlfaridzi]

Tell me why Bitcoin prices dropped a few days ago۔ Let me tell you what the reason was۔

For no reason at all? I don't think there's any fundamental reason for the recent pullback. Just Bitcoin volatility at works. You can say this is whales manipulating the market etc. But I don't think this has to do with people selling Bitcoin for Christmas and New Year holiday. If that was the reason we would see the same trend every year, which is not the case.

[fabiola!]

when talking about market prices no one can find reason for every price drop and raise there are plenty of factors which influence price , some are traceable many are not ,

[cutesgirl]

Tell me why Bitcoin prices dropped a few days ago۔ Let me tell you what the reason was۔

Not few days ago bitcoin have been dropped with lower price, last two years ago bitcoin have keep stable with lower price and never break above with higher price of bitcoin about $16k, maybe many people not trust for investing with bitcoin after they loss much money with investing when bitcoin have higher price.

[abdobe]

Tell me why Bitcoin prices dropped a few days ago۔ Let me tell you what the reason was۔

Perhaps people are withdrawing money to buy gifts for Christmas. Possible decrease in activity due to upcoming holidays. There can be many reasons, but I am sure that this is a short-term phenomenon for Bitcoin

[RonF]

Fact is 90 to 95 percent of people loose money in their investments in stocks, bonds, etc.  As value goes up in greed they buy and cause the value to go up even more.  When value drops they panic and sell at a loss in mass and cause the value to drop further. Goes on and on like that.

Wealthy do not follow the herd and do the opposite - increasing their wealth further.

Do not follow the herd but instead do the opposite.  I know this because from the several hundred bitcoins I bought over 4 years ago (and got a like amount of bitcoin cash for free the following August) I used it to buy a million dollars in realestate in the Great North Woods of New Hampshire and still have a million dollars worth of it to cash in as I please.

[RonF]

By the way this is me:
ViamFec.com
OdinMountain.com

You be the judge.

[Eugenar]

Because people sold bitcoin. And because of the law of supply and demand, the price dropped. That's it. Don't try to make theories whereas there's really no way to confirm if it's true or not in the first place.

They are called factors not theories, though bitcoin market price depends directly on the supply and demand, buys and sells, but what we are trying to figure out are the factors in which we could dive deeper to understand why many people demands, sells, and buy cryptocurrency and bitcoin. Understanding this all will surely help us to better shape our decision and to might as well be prepared to buy and sell our holdings. So there's no way we could possibly make people stop thinking of the reasons.

[BeManga]

Tell me why Bitcoin prices dropped a few days ago۔ Let me tell you what the reason was۔

there are a lot of people selling bitcoin because of holiday
some of them need to buy a gift for Christmas or some clothes for their child
that's why it's reasonable for a slight price drop.

[interestec_dj]

The Bitcoin price has started to collapse yet again as there are more sellers than buyers

[sulendra12]

https://www.forbes.com/sites/billybambrough/2019/12/16/bitcoin-suddenly-dives-below-7000-as-crypto-markets-lose-billions-updated/
https://www.coindesk.com/bitcoin-dips-below-7k-as-traditional-markets-flatline

Actually if you just do a quick search, you can find bunch of articles regarding this. It's a common behavior for crypto in general especially it's near holiday season as we are doing currently right now. Yet, Bitcoin is still pumping although it's quite slow in past 24h.

[Zemomtum]

Nobody can really say the reason behind the drop but it is following the technical direction. We might see upward swing before the new year

[coolcoinz]

If we try to look at it from a trader's point of view, when a price decline begins there's a need to find a bottom. A bottom is a place where people no longer want to sell. Traders look left at the levels that acted as support or resistance in the previous weeks or months and set their orders in proximity. The more traders see certain level as important and set their buy orders there the more likely this level will become the new bottom. It's that easy!

[diahsw]

as far as I know, it's because of the surge in people selling bitcoin. they all sell bitcoin simultaneously, or it could be one person who holds a lot of bitcoin, he sells everything ... so the price automatically drops dramatically !!

[Artemis3]

Because people sold bitcoin. And because of the law of supply and demand, the price dropped. That's it. Don't try to make theories whereas there's really no way to confirm if it's true or not in the first place.

This is definitely THE reason. Why does it have to be a reason? It is natural for prices to fluctuate on any asset on the free market. sometimes more people sell, sometimes more people buy, and sometimes it balances.

You can speculate all you want, but i don't think there is a "mastermind" behind any price movement. You (and everyone) are however constantly getting information in the form of price from the action of past transactions, and people can make educated choices based on it. This precious data is destroyed if the asset is artificially pegged to, whatever. This is why you must never trust "stable" coins.

[Wexnident]

There isn't really any special reason whatsoever as to why BTC dropped prices. It's just the basic logic of the market, the simple understanding of supply and demand of BTC. The price lowered because some traders suddenly sold their coins for a bit lower than the market price, which continued until the price drop then. But it wouldn't last long because a lot more traders want to sell theirs at a higher price, which brought about the return of the price to 7.5k and above. Then again, the price always wrestles itself between those whom want to sell higher and those whom want to sell lower, and this brings the supply above the demand, which also lowers the price.

[bitvalak]

The reason is because the selling pressure is greater, no one knows for sure what happened behind it.
What is clear is that I only observe what is happening in the market, not what is happening in the news.

[vintages]

It's simple.
Most holders are selling for the holiday. Many of them invested because they hope to cash out big time from Bitcoin before the year ends against new year. But the market didn't favour them, so they are selling.
Moreover its not a new thing, we have seen this act before.

[Bezobraznike]

It's simple.
Most holders are selling for the holiday. Many of them invested because they hope to cash out big time from Bitcoin before the year ends against new year. But the market didn't favour them, so they are selling.
Moreover its not a new thing, we have seen this act before.

   We have seen similar situations many times. People are lowering the price cause they need cash, and if they can sell for the current
price they will lower their offer, and more people do that, the price will go deeper.
   That is the live trading and open market, anyone can set up any price they want.

[TitanGEL]

There isn't really any special reason whatsoever as to why BTC dropped prices. It's just the basic logic of the market, the simple understanding of supply and demand of BTC. The price lowered because some traders suddenly sold their coins for a bit lower than the market price, which continued until the price drop then. But it wouldn't last long because a lot more traders want to sell theirs at a higher price, which brought about the return of the price to 7.5k and above. Then again, the price always wrestles itself between those whom want to sell higher and those whom want to sell lower, and this brings the supply above the demand, which also lowers the price.

The answer is simple and it is because the buyers are overwhelmed by the sellers. The price of bitcoin bounce in the resistance few days ago and the now the price is dropping again but I'm sure that the buyers can take control and they can push the price to up again. Understanding the market and how it works is really the best decision in order to have an idea what happen to the price of the bitcoin.