Why Bitcoin price are decreasing?

[perfect999]

now it is over $11k, do not get your hopes up just because it moved above $11k but do not be discouraged when it goes down, that is how you should react to bitcoin movements.

Absolutely this is one thing that people are yet to learn because if we had to trade with stable markets and prices then we can always do currency trading in pairs like USD/EURO but because we want higher frequency in change of the price we are trading with bitcoins and now people are questioning that which makes no sense.

We are in a volatile market, which has been stable for almost close to 3 months now, and ever since we moved above $10k we haven't went under it which is a big major achievement in the bitcoin world, yet somehow people are still worried about making a big loss or a profit, that is not how you should see this.

Because people have developed that kind of a mindset where they feel unless bitcoins rises by 2-3k USD it is not worth it but people are failing to understand that the reason for sudden rise in past was mass adoption which will not happen again with that same intensity again. The price will be more stable now I believe and while the price might rise slowly but that said even the drops should be more shallow so it acts both ways.

[Viscore]

The decline in Bitcoin has become a cycle, of course bearish and bullish will always exist in the world of crypto currencies, one of the reasons for the decline in Bitcoin prices is because of bad news, do you remember the news when the president of USA Donald was not hit by Covid 19 ?, yes, the price of Bitcoin It dropped immediately, but when Donald Trump announced a stimulus, Bitcoin was going up well and trying to recover above $ 11000

Exactly, and I'm wondering why people keep asking this thing since we know the reason already and that volatility feature has no chance to change it either. We have the pump today, it dumps by tomorrow, and drawback high again in the next days. The life cycle of Bitcoin has no longer surprised at all, what we need is to understand the situation and accept its volatility.
News is one of a major factor that changes the trend, veru influential which mostly it creates FOMO.

[worldofcoins]

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.

There's nothing amiss with the fallen of bitcoin cost since it's in his temperament.
Numerous bitcoin financial specialists sit tight for fallen of cost. When the cost goes down, they begin purchasing bitcoins because they know it's exceptionally unpredictable and may be expanded on any occasion.

Any time can be considered useful for bitcoin; I purchase coins whenever I see a diminishing cost and will be profitable to sell in the future.

[Ayiranorea]

Already everyone knew well about the cryptocurrency market. It moves forward as well as downward anytime. People watching the market changes carefully will get to know about the present scenario. Following this one can make better price prediction. If the price decrease over the past two days is connected, then it is all common thing. The decrease have now ended with growth.

[STT]

Price has been reacting positively since the weekend, I thought it would be more neutral to negative.  However we have regained the weekly and 2 day average for quite positive momentum, Im not sure if thats just following the main markets blindly or not.



Im finding it hard to judge right now, I guess the news is making for murky price prediction but we cant say its acting negatively and in fact there are high expectations presently.   I always take over expectation as a danger somewhat.

[sunsilk]

Price has been reacting positively since the weekend, I thought it would be more neutral to negative.  However we have regained the weekly and 2 day average for quite positive momentum, Im not sure if thats just following the main markets blindly or not.

...

Im finding it hard to judge right now, I guess the news is making for murky price prediction but we cant say its acting negatively and in fact there are high expectations presently.   I always take over expectation as a danger somewhat.

It's worrying if the expectations are becoming too much in the market. That psychological impact has been threaded to my mind after the bull run when most of the people expected that bull runs are going to last forever and that's specifically during the eoy of 2017.

We can't be sure if the elections has something to do with the reaction of bitcoin reaching $14,000 or it's naturally growing. And just like the sequence that we're all thinking, maybe it's following it. Really can't tell if it is.

[romero121]

Price has been reacting positively since the weekend, I thought it would be more neutral to negative.  However we have regained the weekly and 2 day average for quite positive momentum, Im not sure if thats just following the main markets blindly or not.



Im finding it hard to judge right now, I guess the news is making for murky price prediction but we cant say its acting negatively and in fact there are high expectations presently.   I always take over expectation as a danger somewhat.

As for market is concerned now we've crossed $14000. This has happened with a slow and steady manner, but the market itself gets connected with the US election counting. This is being done as the market pumping has taken place today, particularly the price is stabilizing above $14000 rather than falling low in a short time period.

As in the above quote by @STT, the growth seems to be positive and gaining momentum. For these days it is always good to be prepared with immediate plans if you're into trading as the market deviation could happen anytime.

[Fortify]

It seems silly to read anything into the day to day trends with Bitcoin, especially when we are going through a turbulent time around the US elections. You are better off looking at the general trends taking place over weeks or months as this will help to build a better picture for you. There is a lot of positive news coming out right now, which is going to continue pushing the bitcoin price upwards - like Paypal getting into the market (even if it's kept in an enclosed ecosystem) and hedge funds steadily hoovering up bitcoin as an asset class that is receiving much more allocation

[TIDOVEE]

We have not seen the bull run yet, let's hope for it next year,but the market is fast improving, this is a good time to buy your coin, when the price is still low then you should make profit when it pumps, there is nothing you can do to make the price move up fast, you just have to make best use of the time, probably invest and take profits.

[ibuddy122505]

We have not seen the bull run yet, let's hope for it next year,but the market is fast improving, this is a good time to buy your coin, when the price is still low then you should make profit when it pumps, there is nothing you can do to make the price move up fast, you just have to make best use of the time, probably invest and take profits.

there is always correction, at the same time resistance has been growing stronger and this time we will see a lot higher than 20k when the run is finished. Before that I might want to attempt a short there, my target price is $14.5K. I don't exactly the next move and i'm certain the cost could climb quick.

[Salauddin1994]

The reason for the decline in the price of bitcoin is that when the demand for it decreases and the whales influence the market they bring down the price of the currency and the traders suffer a lot but now the bull run is going on bitcoin is a very strong currency in the market. The price went down it went up again stable currency does not have to go up and down because of this but now the market is improving a lot investing will be profitable if you take many easy and right steps to prevent it.

[Majharul Saiif]

There can be many reasons for the decreasing price. I think this is not a matter of worried because this is very natural for the crypto world and there is no other reason for the permanent collapse. So it will back to its position. I suggest that you can buy some BTif the price decrease more than purchase more but now wait and see.

[worldofcoins]

There are numerous purposes for the fluctuation of bitcoin and digital currencies.
Yet, we ought not stressed over it since it's the nature of crypto, it declines their rate so individuals can get it and help to develop it.
Numerous financial specialist hangs tight at the diminishing of cost since they know its an unpredictable money and much amazing than some other speculation.
The more it perish its value more we see the improvement in the future.

[redsun114]

There are numerous purposes for the fluctuation of bitcoin and digital currencies.

Actually if you check the thread was created when the price of Bitcoins was actually going down or at least not increasing so it is not relevant to discuss on the topic I believe now.

Yet, we ought not stressed over it since it's the nature of crypto, it declines their rate so individuals can get it and help to develop it.

So, you are saying that bitcoin changes it's price to allow people to buy bitcoins and help increase the price? Man this is the funniest thing I have heard on internet today. Bitcoin's price moves based on demand and supply and not because bitcoin is controlled by a person who changes it's price like the volume of a TV.

Numerous financial specialist hangs tight at the diminishing of cost since they know its an unpredictable money and much amazing than some other speculation.

I cannot really understand what this means, anyways now the price is moving is up so I guess everyone is happy and some more than others.

[STT]

This thread starts at the beginning of September with a fairly sharp fall and that was part of a trend of retraction in the price but we've beaten that trend and moved past it.   BTC has been doing great since then, we approach the end of week so I drew the chart with weekly bars to encompass July rise into resistance until the biggest red bar is September start and the OP complaint and then the bars till this November boom in price action.  Each bar is monday to sunday.



Thats a pretty good trend down, the quality of a trend and its certainity is in the points it touches and stays within its boundary.   So we got about 8 weekly bars touching that trend before it gets beaten.     I drew the new trend for bullish rise post breakout quite tightly but its mostly been staying within that.    Not everyone is a fan of trend lines and it has to be taken as a line in the sand not a wall, so far we've held and the tide now has us brought us price up.

[Chrystora123]

We have not seen the bull run yet, let's hope for it next year,but the market is fast improving, this is a good time to buy your coin, when the price is still low then you should make profit when it pumps, there is nothing you can do to make the price move up fast, you just have to make best use of the time, probably invest and take profits.

we are in a strong and slow bullish at the moment, Bitcoin ATH is in sight..

this is not over yet, Bitcoin bullrun will continue until the price really reaches its peak,
currently it is still in a safe zone, maybe a correction occurs, and don't worry,
it's very healthy, you can hold and buy or accumulate.

bulls and market corrections (bearish) are natural conditions which mean there is trading activity on the asset.  currently, it is still a good condition to buy Bitcoin because for sure we will see Bitcoin past its ATH ($ 20k) in a moment..