The reasons why Bitcoin price drops recently

[LUCKMCFLY]

This may also be temporary, in another article they say that the bullish streak of Bitcoin can end with a value of $90k and mention that it can be for the month of April.

"If you look at the data, trends and patterns of behavior that we saw as the price of bitcoin approached its four previous market cycle peaks, you will see the same things today and at each of those other times.

This history suggests that bitcoin's bull run will end next month at a price of around $90,000. "

Source: https://es.cointelegraph.com/news/bitcoin-bullish-race-will-end-and-analyst-points-out-date-for-bitcoin-to-be-worth-90-000

This article is very interesting, although it is in its original format in Spanish.
For now, Bitcoin is taking a slight recovery, this may all be a slight market correction and a pulback will come.

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[bitzizzix]

This may also be temporary, in another article they say that the bullish streak of Bitcoin can end with a value of $90k and mention that it can be for the month of April.

"If you look at the data, trends and patterns of behavior that we saw as the price of bitcoin approached its four previous market cycle peaks, you will see the same things today and at each of those other times.

This history suggests that bitcoin's bull run will end next month at a price of around $90,000. "

Source: https://es.cointelegraph.com/news/bitcoin-bullish-race-will-end-and-analyst-points-out-date-for-bitcoin-to-be-worth-90-000

This article is very interesting, although it is in its original format in Spanish.
For now, Bitcoin is taking a slight recovery, this may all be a slight market correction and a pulback will come.

The current decline in bitcoin price is only temporary or only corrective, and many are predicting that the price of bitcoin has the potential to increase in the next month and I read some news about the current decline and the increase will occur again in early April and gradually.
in my opinion there is no need to worry, for the current situation it is enough to hold or take advantage of the decline in bitcoin by buying it.

[ene1980]

This may also be temporary, in another article they say that the bullish streak of Bitcoin can end with a value of $90k and mention that it can be for the month of April.

It is possible that the price of bitcoin will surge further but April is too earlier for the rally, i am expecting the market to be in the bullish trend for the next few months and even now when there was a minor correction you could see the support filling up with investors readily accepting the coins. The graphs and charts will not provide you anything in situations like these as we are in uncharted territories and i find it hard to understand the direction even though i am in the market for a long time.

[Mahanton]

This may also be temporary, in another article they say that the bullish streak of Bitcoin can end with a value of $90k and mention that it can be for the month of April.

It is possible that the price of bitcoin will surge further but April is too earlier for the rally, i am expecting the market to be in the bullish trend for the next few months and even now when there was a minor correction you could see the support filling up with investors readily accepting the coins. The graphs and charts will not provide you anything in situations like these as we are in uncharted territories and i find it hard to understand the direction even though i am in the market for a long time.

Its never been an easy thing no matter how experienced or veteran you are on this market.Predicting price movement isnt something that people could able to get precise words
on where the market would be heading on.On the sudden price correction we do have, is there any viable news or source on why it did happen?I have seen none and the price
had just really move something like this.Some do even thought that we might be heading even way more lower but checking out the current price then its
starts to climb up once again.Why people do worry that much? rather than on panicking then better to see this as a chance to buyback cheaper coin.

[Ridwan Fauzi]

Indeed, the biggest exchange in the US coinbase revelead that bitcoin price have dropped arround $8 billion and this is indicate that the instutional investor are trying to sell their bitcoin.

It could be right, the point two can be made a reason why bitcoin trying to decrease. As we all already know that bitcoin is being discussed by most media and can attract a lot of people to invest in it.

Even, we can compare the bull run at this time with 2017 ago, bitcoin price was starting to decrease when 2018 was coming. But now, as you can see since 2021 came we haven't seen any sign that the price will drop like 2018 ago. So, I just predicting that the decrease price right now will just for a while, in the long term the bullish market still strong.

[Kelvinid]

The current price correction isn't surprising anymore, you will see this all the time as we are in a volatile market.
A lot of reasons that could change the trend and we can't avoid this. Dumpers and weak hands will easily get affected but for those who actually understand the situation, it finds normal and have nothing to worry about.

We have once at the dip for more many times but we also recover just also in time.

[Yaunfitda]

The current price correction isn't surprising anymore, you will see this all the time as we are in a volatile market.
A lot of reasons that could change the trend and we can't avoid this. Dumpers and weak hands will easily get affected but for those who actually understand the situation, it finds normal and have nothing to worry about.

I think those who dump bitcoin are either know what they are doing, or simply weak hands, that's it. Currently we have recovered some already, $55k is already a strong support, and I think that the dust has settled a bit, hmm, wonder if we are going to hit $60k again.

We have once at the dip for more many times but we also recover just also in time.

Yes, this dip is nothing of extraordinary, that if you are have been in the market for so long, we all know that this time will come and go.

[virasog]

The current price correction isn't surprising anymore, you will see this all the time as we are in a volatile market.
A lot of reasons that could change the trend and we can't avoid this. Dumpers and weak hands will easily get affected but for those who actually understand the situation, it finds normal and have nothing to worry about.

We have once at the dip for more many times but we also recover just also in time.

If you were in 2017 bull market you knew that bitcoin corrected to 30-40% before moving up. In this bull season we are only getting 20-25% correction which shows that the demand of bitcoin is much high as compare to four years back.
I hope this small term correction is over soon and we may see 70,000$ soon. 

[Wawa2013]

In my opinion, the Bitcoin price is not dropping because it is only 11% lower than the ATH price, the current Bitcoin price is just a correction.
So there is no need to worry, because I believe that in the next few weeks the Bitcoin price will return to a price of $ 60k. Now we just need
to be patient, or being able to buy more Bitcoin at the current price is pretty good too. The cause of the correction is usually a few whales
taking profit, or because Bitcoin is volatile, it is normal for a correction to occur.

[Kelvinid]

The current price correction isn't surprising anymore, you will see this all the time as we are in a volatile market.
A lot of reasons that could change the trend and we can't avoid this. Dumpers and weak hands will easily get affected but for those who actually understand the situation, it finds normal and have nothing to worry about.

We have once at the dip for more many times but we also recover just also in time.

If you were in 2017 bull market you knew that bitcoin corrected to 30-40% before moving up. In this bull season we are only getting 20-25% correction which shows that the demand of bitcoin is much high as compare to four years back.
I hope this small term correction is over soon and we may see 70,000$ soon. 

There is a huge change after 2017 tragic learnings. Some say that what happens 4 years ago, it still the same story to see this time but it was wrong, totally different from what we speculated to happen instead, the demand keeps on high every day and this makes the trend staying high. We have a dump at close to $50k in the past few days but now, we are already at $54k. This implies that people are now motivated to do hold rather than being a panic seller in every time there is price correction.

[sana54210]

If you were in 2017 bull market you knew that bitcoin corrected to 30-40% before moving up. In this bull season we are only getting 20-25% correction which shows that the demand of bitcoin is much high as compare to four years back.
I hope this small term correction is over soon and we may see 70,000$ soon. 

I think that 70k will come. Back in the day the price was lower and so was the chance to lower it, if you sold 1 billion dollars worth of bitcoin you could have dropped it by half in a single day, all you had to do is put it all on 10 markets that was mostly used and sold it there all at the same time and you crash the market.

These days we have companies buying billions, it is not a big deal anymore. Sure if you sell a billion dollars it would still impact today, but that is not going to be the only thing, that is not going to be the game changer and it will be a correction but it will be covered.

Benefits of being over a trillion dollars market cap means that we could go up and do whatever we want and it is not going to change too much in our life. Of course it is not going to be that simple neither but it is not going to be too high anymore. So I think it is harder to drop it by a whale these days.

[DoublerHunter]

^ This was on the Coindesk article and explained it there about the reason for the recent dump.
https://www.coindesk.com/market-wrap-bitcoin-near-56k-flat-activity
It said that it could be because the U.S. Federal Reserve Chair Jerome Powell said, Cryptocurrency “not really useful stores of value” and that means it is included BTC. I don't know why there are too many influencer people that make the BTC price dump and pump through their words and don't know why people are listening to them, this is the same in Elon Musk's case.

[plr]

Does a 10% pullback count as price drop these days? Really?

We reached a new ATH not even 2 weeks ago. The price is "dropping" because that's what markets do every now and then, there's not much else to it.

I agree with you unless there is a market drop of over 20% that's a reason to cause panic and to check why the market is dropping, but right now a drop of 5% just like what happened this week has nothing to worry about because this is a normal price movement, it's been this way ever since.

[Kemarit]

^ This was on the Coindesk article and explained it there about the reason for the recent dump.
https://www.coindesk.com/market-wrap-bitcoin-near-56k-flat-activity
It said that it could be because the U.S. Federal Reserve Chair Jerome Powell said, Cryptocurrency “not really useful stores of value” and that means it is included BTC. I don't know why there are too many influencer people that make the BTC price dump and pump through their words and don't know why people are listening to them, this is the same in Elon Musk's case.

I doubt that it is the main reason though, could be one factor though. But as I have said in the past, the bitcoin futures expiration has more of the effect, and since it is over for this month, just look at the price after it has matured, it bounce back already.

Same thing will happen next month, we will see a dip not higher than 30% and then eventually a healthy recovery to $70,000.

[Saisher]

Same thing will happen next month, we will see a dip not higher than 30% and then eventually a healthy recovery to $70,000.

This only shows why we are still in a bull, the market is stepping one backward only to make two step forward, not really something to worry about, even if there are news about the dip, the market still has that momentum to get back and show better the next time, dip and correction is something we should always get used to.

[LogitechMouse]

1.  Powell commented cryptocurrencies as "a speculative asset" which leaded to an adjustment in Bitcoin price but a rising trend in Gold

Just a mere opinion coming from him. Is it really the reason why it dropped?? I don't think so.

Even there is an adjustment in the Bitcoin price these days but it is expected it will recover soon.

With every rise, there is always a drop. We've seen Bitcoin reached $60,000 weeks ago and its normal for it to consolidate as investors are taking profit at that price. Nothing uncommon with this scenario since we know that in the end, Bitcoin will still recover what ever happens.

[michellee]

The current price correction isn't surprising anymore, you will see this all the time as we are in a volatile market.
A lot of reasons that could change the trend and we can't avoid this. Dumpers and weak hands will easily get affected but for those who actually understand the situation, it finds normal and have nothing to worry about.

We have once at the dip for more many times but we also recover just also in time.

If you were in 2017 bull market you knew that bitcoin corrected to 30-40% before moving up. In this bull season we are only getting 20-25% correction which shows that the demand of bitcoin is much high as compare to four years back.
I hope this small term correction is over soon and we may see 70,000$ soon. 

In other words, it is a small correction than what happened in the 2017 bull market, and we should not too worry. Eventually, we have more chances to buy more bitcoin before the price starts another rally. The correction will still come on the market, and with the high price now, the correction will happen many times in a month. You need to be careful and watch the market to see if you have a chance to buy or sell or only watch the price moves.

[Leviathan.007]

You are looking for the reason of why bitcoin price is doing a correction after the bull run. None can expect the price  rise everyday and never stop. I would say the reason is just doing some technical price corrections at 50K price level and get ready for higher levels to 70-75K or more. During this time market is giving out some discount to buy bitcoins.

[WatchMaker]

Agreed, but I think the bitcoin price was recently dropped due to the market correction. the bitcoin price doesn't always go up, somethings it goes down. If you study the bitcoin or cryptocurrency market in general you would notice the market usually goes up and down from time to time. For me, I see nothing wrong with the bitcoin market going up and down all the time because that is how the market should work as it can't up or down all the time.

[blckhawk]

Just like others, I see nothing special why the Bitcoin price drop a little but just a correction and there's nothing to worry about it. You should know that the market doesn't forever go up there will be some down as well and I think that is what the markets healthy. Expect that after reaching a new ATH or pump as investors you will take that opportunity to make a profit causing supply to increase. Then buy it again, hold it and the price will surge once again, basically, it's all just a cycle.