Why Bitcoin price are decreasing?

[glowing10]

the question is pretty basic and i thought you are just a newbie that is curious and wants to learn more about btc but nah because i find out that  you are an investor that are interested to buy a coin  and what is that bull run your saying ? there is no bull run yet as far as i know because the price got stuck at 11k last time but now it goes down again . if you wana buy buy now , only if you want to earn quick income because btc is probably going to take off again so soon .

It was close to 12k price and tried to break that 12k levels couple of times and fell and later came down to 10k levels. Whales might have sold out at upper levels and thus market started to fell. But again, it is holding 10k levels and if we can see some demand from here then again it can cross 11k levels soon.

[Pamadar]

the question is pretty basic and i thought you are just a newbie that is curious and wants to learn more about btc but nah because i find out that  you are an investor that are interested to buy a coin  and what is that bull run your saying ? there is no bull run yet as far as i know because the price got stuck at 11k last time but now it goes down again . if you wana buy buy now , only if you want to earn quick income because btc is probably going to take off again so soon .

It was close to 12k price and tried to break that 12k levels couple of times and fell and later came down to 10k levels. Whales might have sold out at upper levels and thus market started to fell. But again, it is holding 10k levels and if we can see some demand from here then again it can cross 11k levels soon.

It's green again after that last week fall, I presume the same thing whales who already see the gained are cashing out hard
and let the market to crashed out. And now, the same pattern are showing bitcoin are gaining supports and the value is slowly
rising, sad for those who sell out while the dumped happened for sure that they are regretting such decision by now.

[ethereumhunter]

the question is pretty basic and i thought you are just a newbie that is curious and wants to learn more about btc but nah because i find out that  you are an investor that are interested to buy a coin  and what is that bull run your saying ? there is no bull run yet as far as i know because the price got stuck at 11k last time but now it goes down again . if you wana buy buy now , only if you want to earn quick income because btc is probably going to take off again so soon .

It was close to 12k price and tried to break that 12k levels couple of times and fell and later came down to 10k levels. Whales might have sold out at upper levels and thus market started to fell. But again, it is holding 10k levels and if we can see some demand from here then again it can cross 11k levels soon.

It's green again after that last week fall, I presume the same thing whales who already see the gained are cashing out hard
and let the market to crashed out. And now, the same pattern are showing bitcoin are gaining supports and the value is slowly
rising, sad for those who sell out while the dumped happened for sure that they are regretting such decision by now.

Indeed. It is green again, so we can hope that the price can go up to a high price. But still, I am worried if the price is suddenly back to the lower price because of the chance to see that thing will still be there. I hope that bitcoin can get more support this week and will have a chance to lift the price higher than before, so we can make a profit again. Although the dump will still be there, I am still trying to calm down and enjoy this moment, and I plan to sell my bitcoin later.

[wxxyrqa]

At least the current decline in the price of Bitcoin is a very good reason to invest. In addition, many analysts expect a high growth rate by the end of the year, and some base their forecasts on technical analysis of the charts that form the "bullish flag".

[pokeronlinestatus]

I believe the biggest reason was the miners, when the biggest part of the community decides that they want to get out or at least sell some coins to make some capital, you just have no choice but to go down. It is not a sustainable fall, it is not a long term fall, miners will use that money to profit even more in the future, why else would they sell money, to buy a lambo?

We are talking about tens of millions even over hundred million when you combine them all, that type of money is not gathered for personal use, it is work money and they will reinvest that to the business obviously which will make bitcoin even stronger in the future. However for the time being, that sell and creating capital did caused bitcoin prices to fall down a bit right now.

[MiningBattalion]

I am thinking why Bitcoin price are going down? Is Bitcoin Bull run is finished? I want to buy Bitcoin, so is it the right time to buy Bitcoin or I will wait for a while.

 The price of bitcoin is decreased due to many reason,one of them is market need.If the market need of bitcoin had increased a lot,bitcoin price will automatically reach the sky.When the price is reduced,it was the best time to inverse in any crypto currencies.

[pilosopotasyo]

I am thinking why Bitcoin price are going down? Is Bitcoin Bull run is finished? I want to buy Bitcoin, so is it the right time to buy Bitcoin or I will wait for a while.

It's been like this ever since and expect this drop from time to time there are many factor why Bitcoin is dropping and it's not anywhere that Bitcoin is losing it's values, sometimes whales are selling their shares for profit and many follow that drop and sometimes negative news can cause the price to drop but it will eventually recover, follow the market and you'll know.

[Hippocrypto]

Don't expect too much with bullrun during pandemic days, because many of the investors now depends on how the economy runs over. Bitcoin's legacy isn't over, it might goes up and downs without prior notice with a lots of surprising behavior. The market needs a lot lot of time to regain it's momentum, and we can't always rely only in predictions even if we seen good increase from previous months, it doesn't mean we're confident enough to see another potential bullrun.

[Kemarit]

And just like that, bitcoin and the rest of crypto market has suffered another decline in the last 24 hours. And it could be attributed to the recent Fincen data showing the most banks do know that they are being used to transfer billions around the world and they didn't do anything. And this news has a repercussion effect on the global markets, in turn spill to crypto as there are strong correlations between the two market.

And there is this news that Britain will have it's second round of lockdown, causing a huge shake up on their stock market crashing hard as well.

[bitgolden]

The main reason bitcoin goes up or down is supply and demand, bitcoin has a certain amount sold on the market and it has a certain amount bought on the market, when buyers are a lot more and they want to buy more bitcoins than what is on the market price, they end up paying more to buy because there is none left at lower level, if you want to buy now at $10.5k you can but when enough people want to buy at $10.5k there won't be any left and you will have to buy at $10.6k and it continues like that.

Same with sellers, if they want to sell but there are not enough bought on the market they will drop their prices to be able to sell and continue to drop it until they can sell. Basically the main idea of supply and demand works with crypto as well and that makes it go down (or up).

[Lanatsa]

Don't expect too much with bullrun during pandemic days, because many of the investors now depends on how the economy runs over. Bitcoin's legacy isn't over, it might goes up and downs without prior notice with a lots of surprising behavior. The market needs a lot lot of time to regain it's momentum, and we can't always rely only in predictions even if we seen good increase from previous months, it doesn't mean we're confident enough to see another potential bullrun.

Actually bitcoin doesn't really rely into these economic kind of situations yet we have witnessed that it did even able to rise up amidst of the pandemic.We cant really tell on when it would dump or would rise.

This is the hardest part when dealing into this market where price is unpredictable no matter how good the sentiment or fundamental that you had made but it is still bound to fail.

Decreasing price is due to sell-off which is pretty normal for a market where it do compose of buyers and sellers.Making money might sound easy but executing the actions are
never been simple.

[kotajikikox]

Don't expect too much with bullrun during pandemic days, because many of the investors now depends on how the economy runs over. Bitcoin's legacy isn't over, it might goes up and downs without prior notice with a lots of surprising behavior. The market needs a lot lot of time to regain it's momentum, and we can't always rely only in predictions even if we seen good increase from previous months, it doesn't mean we're confident enough to see another potential bullrun.

how can you expect bullrun in this pandemic?there is no such now until the virus totally died and this will happen next year 2021 because the cure is still in testing.

also if you are daytrader then step out of Bitcoin and use altcoins specially Defi coins that is pumping and dumping recently.
But if for Long term Holding/then better Keep Bitcoin and just forget the market for a while till next year 2nd quarter maybe.

[maydna]

Don't expect too much with bullrun during pandemic days, because many of the investors now depends on how the economy runs over. Bitcoin's legacy isn't over, it might goes up and downs without prior notice with a lots of surprising behavior. The market needs a lot lot of time to regain it's momentum, and we can't always rely only in predictions even if we seen good increase from previous months, it doesn't mean we're confident enough to see another potential bullrun.

how can you expect bullrun in this pandemic?there is no such now until the virus totally died and this will happen next year 2021 because the cure is still in testing.

also if you are daytrader then step out of Bitcoin and use altcoins specially Defi coins that is pumping and dumping recently.
But if for Long term Holding/then better Keep Bitcoin and just forget the market for a while till next year 2nd quarter maybe.

We don't know if bull run will come in this pandemic or wait for the next year. But we hope that the bull run can come before the end of this year, so people in the crypto world can make a big profit again. The bitcoin price will still up and down, and it is not just happening this time, but in the future, the bitcoin price will be like this. You need to be prepared for anything that can happen with the bitcoin or crypto market.

If you want to use DeFi coins to day trade, I suggest you be careful to choose the coins because many DeFi coins now are in the downtrend. Make sure you analyze the coins' moves to find out if that coin can increase back in a short time or a long time.

[Reatim]

I am thinking why Bitcoin price are going down? Is Bitcoin Bull run is finished? I want to buy Bitcoin, so is it the right time to buy Bitcoin or I will wait for a while.

 The price of bitcoin is decreased due to many reason,one of them is market need.If the market need of bitcoin had increased a lot,bitcoin price will automatically reach the sky.When the price is reduced,it was the best time to inverse in any crypto currencies.

Just to be clear,thats what we called Supply and demand and also indeed that whenever the demand for Bitcoin increases then the value grows also.

so the thing is what OP is asking seems to be normal trend because there is a Up and Down trend that we have been dealing for the last 10 years of bitcoin.

Only newbie need to ask this question or those account that is not updated about news .

[STT]

The OP question ignores that year on year BTC has gained mostly.   If we decrease its not especially a long term pattern and very long term BTC keeps gaining so to ask why are we decreasing only works while ignoring the longer term gains.
  More correct would be to say why do we decrease after rising previously and the general answer would be some only want to speculate on price rises for a moment, quite often borrowed or leveraged money is used and a rise only lasts directly for so long.    A cycle is normal like a wave as part of a tide, the price will vary naturally.

Right this moment we've retracted from a recent high and the speculation is to how long will the pattern of selling last.   I have price as bearish for this moment until it can prove otherwise, a pivotal price to observe simply would be 10500 and while we close each weekly bar below this its fair to say we would continue negatively for the moment however price might vary in the days between.



Weekly average in blue but here we see recent pricing observes a tide line around 10500, its worth noting where we stay relative to that to guess if we retract or advance BTC price upwards.

[zeingrind777]

it was the best time to inverse in any crypto currencies.

Not all crypto types will increase after a very large price drop. Many shitcoins have lost value and are no longer valuable. If for BTC, the decline in price is normal. Investors may be turning to the DeFi project because it is viral. But they will come back with BTC so the market demand for BTC increases.

[el kaka22]

2017 is a statistical anomaly because that year we went up very high and that is why people keep comparing it to that price but it makes no sense to compare a week of price to everything else so far we had. I mean I get that we were 20k for a while there in 2017 but even in 2017 the bottom was 700 dollars that year and we didn't had 20k that long, we had it maybe for a week and not even that long and it dropped even before we turned into 2018, by that time it was a lot lower as well.

So, do not focus on the 2017 because that was one time thing for a very very short period of time, remove that and you will see that in the past 10 years we actually moved up very nicely, we are doing very well and the price is actually quite high compared to what we used to have.

[Inkdatar]

There are many factors as to why bitcoin price decrease. When there's more demand in bitcoin the price increase. Also the market condition is not yet in a bull run stage and if you know the risks buying at this time is also good since price of bitcoin decline.

[CryptopreneurBrainboss]

how can you expect bullrun in this pandemic?there is no such now until the virus totally died and this will happen next year 2021 because the cure is still in testing.

There's this schools of thought circulating the community that the finding of the cure (vaccine) of the virus will bring about a declined in the price of markets, that's to say most assets will be sold in response to that and the cryptocurrencies market won't be excepted. I still don't get how that's going the work but from their explanation, since most assets were bought as safe heaven for the crises then they'll be sold since there won't be any crises again but it seems kind of confusing since earlier this year these same assets where been sold for fiat to sustain throughout the lockdown period.

We're already in a bullish market, what's currently happening is just a mere correction and we should have normalize these by now as during any bullish period correction are bond to happen. The general market has shown a upward movement for quite a decent number of months from the downs of March when the price crashed all the way down to the $3,000 price ranges.

Since then we have been steadily increasing and that won't be stopping anytime soon although that doesn't mean we won't see some corrections along the way to reaching it's previous all time high.

[Janation]

I am thinking why Bitcoin price are going down? Is Bitcoin Bull run is finished? I want to buy Bitcoin, so is it the right time to buy Bitcoin or I will wait for a while.

This dump in the bitcoin price is temporary and the bitcoin will rise again soon. We just not need to panic on 1000$ dump or get excited on $1000 Pump. Rather we should invest in crypto for long term duration. If you buy bitcoin for long term. you will never face a loss.

So true but let's be wary in the long run.

It is true that in a long time frame, Bitcoin's price did not disappoint us and kept on giving us great price that would give us good profits. But let's be careful since doesn't mean you hold for a long run means you will not have any losses, you should also be wary when you should sell some and when you will buy some again. Knowledge and timing is also important.