What happen to bitcoin price?

[dansus021]

I just want to know your thought about bitcoin price lately its keep dropping  


there some people say its because of miner on xinjiang china (https://www.benzinga.com/markets/cryptocurrency/21/04/20674195/power-outage-in-chinas-xinjiang-region-may-have-triggered-bitcoin-selloff)
any other say because of this (https://www.coindesk.com/coinbase-ceo-sold-291-8m-in-shares-on-opening-day) and in my opinion... nahhh
and here (https://www.marketwatch.com/story/bitcoin-falls-as-turkey-bans-cryptocurrency-payments-11618565622)
Edited :
today touch below 50K
add more (https://www.reuters.com/business/futures-muted-ahead-jobless-claims-data-att-rises-after-results-2021-04-22/) Biden TAX 


Please share your thought

or it will be bullish and make new ATH

when i look BTC CHART


or another altseason will coming up   i hope altseason coming up 

when i look ETH CHART

[tranthidung]

Bitcoin will be corrected more and it would be a serious one. After correction, it will go with a side way. I expect to see another bull run of bitcoin next two or three months, not sooner. The soonest bull scenario is after 2 more months but my expectation is for after 3 months.

Altcoins:

• I am sure that they will have another bullish time that it will be triggered with the Bitcoin sideway. We have to wait for Bitcoin sideway.
• Altcoins have two generations: old and new. By new I meant about DeFi, NFT tokens and new altcoins that have been launched since 2020. They are risky. You can get 10x, 100x with them but it is gambling.
• Old altcoins: are safer and they will slowly move up. They will slowly make you richer

[mk4]

It could've been caused by any of those, or all of them altogether. Seriously though, not sure why people are still getting surprised when bitcoin moves significantly in either direction. Are we forgetting that bitcoin has been volatile as hell since forever? And it's not like $54k is a huge drop; we were just at the $40k+ range in March lol like seriously.

[kidbounty]

One thing I know is that there is currently a correction in the market. the reason is that the market has been in an overbought situation for quite a while. if we put eth aside, some of the other major coins have been losing ground these days. but there is no need to worry as long as you haven't touched the support point, situation is still safe. my prediction bitcoin will fluctuate in the range of 50-60k for the next few months.

[Reatim]

Please share your thought

or it will be bullish and make new ATH

when i look BTC CHART

The last time that Bitcoin price struggles to Return back to the Hyping position is the same time when this made another ATH and actually it happens everytime before the growth comes so Maybe another ATH to happen?

or another altseason will coming up 

when i look ETH CHART

How can you called it a Altcoin Season when you only relying in Ethereum as altcoin? there are thousands of altcoin that needs to make a pump before this can be consider as altcoin season.

[Kong Hey Pakboy]

It could've been caused by any of those, or all of them altogether. Seriously though, not sure why people are still getting surprised when bitcoin moves significantly in either direction. Are we forgetting that bitcoin has been volatile as hell since forever? And it's not like $54k is a huge drop; we were just at the $40k+ range in March lol like seriously.

If people didn't make a fuzz about the price drop, I am sure that I won't be quoting and replying in this thread, @mkr is right, we don't have to worry about it, bitcoin was pumping up for a month and you get your knees weak over a dump that has only been happening in a week, don't worry people, just hodl and you will get that Lambo someday.

[harizen]

or it will be bullish and make new ATH

Since you already show some charting there then why not expand your view thru the monthly timeframe?

Now looking at the monthly performance since the increase last year, is BTC really dropping at this point or considered as bearish now?

[danherbias07]

It fluctuated. Not new. It does happen all the time.  
Events and news will have their factors but we cannot accurately tell which of those really affected the price seriously.
But there a solution to this. Get used to it.
It will keep on happening every time the value goes up and next time it goes to $100k, will we ask the same question why it dropped to $90k?
Base on history there will always be a profit time for whoever is selling at high points.

[xceltoken_plus]

Besides the unsubstantiated report of a U.S. Treasury crackdown, Trenchev said factors for the declines may have included excess leverage, Coinbase insiders dumping equity after the direct listing and a mass outage in China’s Xinjiang province hitting Bitcoin miners.

[amishmanish]

Since when have we started calling 60K to 54K a crash?? Those of you who are seeing this as a crash can only mean two things:

1. You are part of those silly pump and dump groups that try to systematically FUD the forum, reddit etc.

2. You are too new and got into BTC thinking of "instant riches" and are now shocked to see the price decrease.

The price of BTC goes down all the time. The crypto market goes into these flash crashes all the time. The reason being that the whole space is still maturing. At such times, always remember not to invest too much during a peak. BTC is not for trading, it is to be HODLed. Finally, 1 Satoshi is always equal to 1 Satoshi.

[online73]

Hello everybody. I want to say that a drop in prices should sometimes unload the market. Many people here understand that a corrective pause is necessary for good growth. Unfortunately, the candle of the fall from April 18 turned out to be too significant, such candles do not pass without leaving a trace, and no matter how the market tries to recover, in my opinion, an update of the minimum to $ 48,000 is still waiting for us. ... Well, in the future I only expect growth.

[cryptomaniac_xxx]

We can't really pinpoint the exact reasons, maybe all of them contributed to the current downtrend. However, I would say that this is just another corrections that we have seen like every month. When we hit a new all time high, chances are there are people who are going to sell and make profits. Most important things is that we should remain a strong holder.

[Taskford]

We can't really pinpoint the exact reasons, maybe all of them contributed to the current downtrend. However, I would say that this is just another corrections that we have seen like every month. When we hit a new all time high, chances are there are people who are going to sell and make profits. Most important things is that we should remain a strong holder.

If you are following the news about bitcoin you can see that there's a fud spreading which make people afraid to hold bitcoins for a while and it really ignite the fear of the people when theh see the market is falling thats why we are experiencing dumps even if the market is speculated tl do a good performance by this year. But even if we are into this situation still I believe bitcoin will bounce and holders still one will get benefits on it if they hold and not dump their coins at red market.

[hugeblack]

I just want to know your thought about bitcoin price lately its keep dropping 

If you think the price is keep dropping then ZOOM OUT.
We have continued to get new ATH for long periods of time and there must be a correction, whether this correction is normal in the market or because of news that it will happen.
The positive side is the price consolidation after the correction above the 1 trillion market capacity levels, which represent a psychological peak of the $ 50,000 levels.

So as long as we maintain a market value above 1 trillion, we will return to $ 60,000 levels.

[repear7]

Price of btc is now around 55k. Btc is most popular cryptocurrency so i believe price of btc will increase soon. Price increasing and dropping is normal at cryptocurrency. Demand of btc increasing a lot, so price also will increase soon.

[Alucard1]

Maybe you have mentioned one of the reasons for the things happening with the price of bitcoin but I am just wondering why some are still surprised with this thing, we have been experienced this thing before, we should always expect that things like this might happen and now it is happening but it doesn't mean that it will continue on going down to the point that the things happened in 2017 might happen again, I know that some people now are thinking that way, which is probably not going to happen, there are already a lot of things happened between the year of 2017 to this year, bitcoin will still recover from this drop.

[traderethereum]

Bitcoin makes a correction this time and unfortunately, the correction getting down too deep and it stays at $54k-$55k level, but we do not know if the price can stay at that price or go down for more.
Meanwhile, some altcoin can increase for a while and give us a chance to make a profit and that means we can take profit from the altcoins.
Bitcoin will always be like this and there is no need to worry except prepare your money to buy back Bitcoin at a low price so your bitcoin amount can increase and you are ready to sell at a high price.
You can also accumulate more bitcoin by using altcoin to make a profit in bitcoin. Just be patient and still trying to make a profit.

[lionheart78]

Well, every news have something to do with the market movement.  This is not new in Bitcoin market especially its market is still highly volatile.  If you are around for sometime now, you wouldn't be surprised or shocked anymore of price movement like this happens. 

As far as I can see, this is just another higher low, Bitcoin bull trend isn't over yet.  I agree with tranthidung, this is just a correction but I am not sure if it will take that long 2 months for the Bitcoin market to bounce back.  If it takes that long then possibly altcoin season will take over.

[Mamun74]

Bitcoin is more popular in cryptocurrency.Now bitcoin price is around $54k-$55k.What happen  to next?I think bitcoin price will rise and it will be reached $70k this year.Amd it will be stable. We need to keep patience.So don’t worry, bitcoin price will rise again.

[NelfiNovita]

I just want to know your thought about bitcoin price lately its keep dropping 

there some people say its because of miner on xinjiang china (https://www.benzinga.com/markets/cryptocurrency/21/04/20674195/power-outage-in-chinas-xinjiang-region-may-have-triggered-bitcoin-selloff)

if the problem occurs because of a power outage in the Xinjiang region of China, there will be problems with the bitcoin network and very disturbing to bitcoin miners in the region. I think if this is the only thing that causes the price of bitcoin to go down, it means that it won't take long for bitcoin prices to rise again after the electricity in China's Xinjiang region has normalized.